Friday, January 08, 2010
DUBAI/BAGHDAD: Iraq plans to begin crude oil shipping operations in March as it prepares to export larger volumes of crude in the future, the head of Iraq’s State Oil Marketing Organization said on Thursday. Iraq last year awarded contracts to foreign oil firms that would boost its output capacity to 12 million barrels per day from 2.5 million bpd in 2017. Pumping and exporting the anticipated rise in output presents huge logistical challenges.
Source: http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=110385
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