Iraq wants to sell gasoline to Japan, South Korea

Oil Industry

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The spokesman of the Iraqi Oil Marketing Company, Hamed Ka'bi, told journalists that the country is negotiating with Japan and South Korea to sell them gasoline. He said that talks were reaching their final stages, and that the quantity to be sold would depend on Iraq's excess production and the demand of the two countries. Iraq is trying to increase its oil capacity to 2.6 million bpd this year. Production last month was 2.145 million bpd, up from 2.135 million bpd in November.

At the same time, South Korea decided today (Monday) to extend a ban on its citizens from visiting Iraq for six months beginning February 6. The extension is due to the increase in violence following the withdrawal of US troops. South Korea first instituted the travel ban on August 7, 2007. (Source: english.nuqudy.com)