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Iraq Could Resume Limited Oil Exports by Friday, Analysts Say

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CShine Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-17-04 10:15 PM
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Iraq Could Resume Limited Oil Exports by Friday, Analysts Say
Iraq could resume exporting limited amounts of oil as early as Friday, analysts said, with repair crews nearing the completion of work on the smaller of two pipelines crippled in a sabotage attack.

If no further attacks occur, Iraq could restore and maintain normal shipments of at least 1.5 million barrels a day from its southern oil fields by next week, analysts said Thursday.

An attack on the two southern pipelines serving as Iraq's main export route forced the suspension Wednesday of all crude shipments from the Gulf. The explosion north of the coastal town of Faw was the second such attack in three days.

This disruption in exports deprives Iraq of its main source of income and comes as Iraqis prepare to take over political power from the U.S.-led coalition on June 30. The outage has prompted the Organization of Petroleum Exporting Countries to signal plans for boosting output to offset the shortfall in Iraqi barrels in a bid to keep crude prices from rising.


http://ap.tbo.com/ap/breaking/MGB5GOGMLVD.html
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Massacure Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-17-04 10:20 PM
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1. Is it really possible for them to raise production again?
I thought I remember hearing that they were nearing max capacity.
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Gman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-17-04 10:55 PM
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2. If no further attacks occur,...
This is the key phrase in the article. As long as there are US troops and a puppet government in Iraq, they will blow up that pipeline.
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goforit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-17-04 10:56 PM
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3. Boy our military works hard the boss..........Cheney.
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NickB79 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-17-04 11:51 PM
Response to Original message
4. And in today's "Iraqi Rebel Daily", their headline read
"Rebels Could Resume Limited Pipeline Bombings by Saturday, Analysts Say."
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