Petroleum figures for Iraq
Here is what informed readers said about the issue of the figures released by the Coalition Provisional Authority on petroleum production and income:
“Experienced oil men don’t necessarily share their heads over the numbers.
The numbers are transparent and accurate. The problem is that what can be
produced cannot be exported, so it is reinjected. Walid Khadduri has been
publishing accurate numbers all along and they come both from the Ministry
and from the Corps of Engineers. The production capacity at present is
clearly 1.3 in the south and 0.7 in the North. No Northern Pipelines; no
strategic pipeline; so 1.3 is used, 0.3 domestically and 1 mmb/d exported.
The next step will be getting 200,000 b/d of Kirkuk crude out through the
southern system, isolated from the Basra crude, at Khor al-Amaya.
The additional problem has been that the Corps of Engineers keeps announcing
pipeline repairs through the Northern lines; every announcement of a
re-opening has been followed within three days by an new bombing incident.
Last Friday’s got both Northern lines.”
“This is from the Oil and Gas journal. They seem to have noticed the drop
in Iraq’s oil production numbers.