|
. | . |
|
by Daniel J. Graeber Basra, Iraq (UPI) Sep 22, 2014
Iraq is relying on Basra, the economic capital, to put the country on the road to recovery on the back of oil wealth, the oil minister said. Iraqi Oil Minister Adil Abd al-Mahdi visited oil and natural gas installations in southern Iraq, saying there'd be a rise in production levels that would benefit the people of Iraq. Describing Basra as the economic capital of the country, the minister said oil, the ports and all parts of the energy sector would lift Iraq as a nation. "These are not just promises," he said during Sunday's visit. "Our aim is to build Iraq." Iraq last week said southern oil exports were 73.6 million barrels for August, down more than 2 percent from the previous month. Oil ministry spokesman Assim Jihad said oil from the southern port city of Basra was sent to nearly three dozen international companies. Kuwait Energy and Dragon Oil, two companies holding assets in Basra, announced the production of 2,000 barrels of oil per day during testing, describing the discovery as the "first significant success" in their Iraqi portfolio.
Related Links All About Oil and Gas News at OilGasDaily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |