September 14, 2000
NATURAL GAS: Iraq contains 110 trillion cubic feet (Tcf) of proven natural gas reserves, along with roughly 150 Tcf in probable reserves.
Oil Export Pipelines/Terminals: Much of Iraq's export capability was lost during the Iran-Iraq War, either to war-related damage or due to political reasons. In 1982, for instance, Syria (allied wit
Iraq is important to world energy markets because it holds more than 112 billion barrels of oil - the world's second largest reserves. Iraq also contains 110 trillion cubic feet of gas. In addition, I
Iraq on Wednesday warned OPEC against raising production, saying it would bring down prices by leading consumers to replenish their stocks of oil.
Iraq said Wednesday it had finished work on 10 new oil refineries, which will boost the country's oil production by 100,000 barrels a day.
September 13, 2000
A Kurdish faction says it will withdraw armed militias from the main northern Iraqi towns it controls in a move towards normalizing relations with its
The UN aid coordinator for Iraq, Tun Myat, said Tuesday that the availability of spare parts for the oil sector in the sanctions-hit country would be speeded up if weapons inspectors returned.
September 12, 2000
Iraq has started construction on the country's third free trade zone on the Syrian border in its efforts to boost international trade.
A newspaper has charged that Iraqi leader Saddam Hussein is increasing his support for the Iranian opposition People's Mujahedeen in a bid to destabil
French Foreign Minister Hubert Vedrine and Iraqi Deputy Prime Minister Tarek Aziz have met in New York, but were unable to move beyond outlining their
Iraq's oil output hit a post-Gulf War record of more than three million barrels per day (bpd) in August, up 630,000 bpd from the previous month, the Middle East Economic Survey (MEES) reported Monday.
Iraq, where OPEC was founded on September 14, 1960, is today using its weight within the cartel to make its voice heard on the world stage and reduce the isolation of a decade-long embargo. Under emba
September 10, 2000
The head of Jordan's chamber of commerce said here Saturday that Jordanian businesses wanted to bolster trade with Iraq.Despite the UN embargo on Iraq, Jordan and Iraq have an oil and trade agreement
At a time when limited world supplies have sent oil prices rocketing to 10 year highs, the enormous production potential of Iraq is crippled by decade-old UN sanctions.
Iraqi Oil Minister Amer Rachid called Saturday for no more than a 500,000 barrel a day increase in oil production, blaming soaring prices on market speculation and "political manipulation."