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Iraq
Army Engineers Work To Improve IraqÂ’s Oil Export
2006-12-19
BASRAH, Iraq - The regime change in Iraq has opened many new opportunities and important development projects in the southern oil fields of Iraq. The U.S. Army Corps of Engineers (USACE) is working on various projects to ramp up oil production for the new democratic country and help improve IraqÂ’s economy. One important project is the Al Basrah Oil Terminal (ABOT), formerly known as Mina Al-Baker. ABOT is considered to be the gateway to IraqÂ’s prosperity.

“Right now oil is Iraq’s major export. It isn’t easy to increase oil exports, but the Corps has plans of raising the crude output to meet three million barrels per day in 2007,” said Bob Tillisch, oil program manager with the Basrah Area Office of the Gulf Region South District. He said experts estimate Iraq has about 115 billion barrels of oil reserves, concentrated mainly in the south.
Current Iraqi Ministry goal is 2.5 Million barrels per day for the whole country, according to the State Department's Weekly Summary, which failed to get posted Friday and Monday. Details at link.
Posted by:Bobby

#3  They will - there's less graft and corruption in Iraq than in the Big Easy.
Posted by: GORT   2006-12-19 12:45  

#2  ;-)
Posted by: Seafarious   2006-12-19 09:25  

#1  Hope they do oil better than they do levees.
Posted by: Glenmore   2006-12-19 09:23  

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