28 September 2004 Iraq’s leading oil field, Kirkuk, may have suffered irreparable damage to its reservoir as a result of the reinjection of fuel oil, refinery residue and gas-stripped oil over the last 15 years, according to Iraqi industry sources. The reinjected products amount to some 1.5 billion barrels, according to one estimate. The process, which was widespread under the former regime of Saddam Hussein, is still continuing, as Iraq…
Tag: Rumaila
Iraqi Firm Forges Ahead With Drilling Plan Despite Potential War
27 February 2003 Unfazed by the current US military buildup and the potential risk to rigs from air raids or invading forces, Iraq’s Oil Drilling Co. (ODC) is forging ahead with drilling across the country’s oil fields in an attempt to beat its record of last year. But separate activities by foreign drillers under the UN’s oil-for-food program have been hit by the threat of war, with international companies either…
Iraq’s New Oil Manager Spells Out Plans
6 May 2003 The new chief executive of the Iraqi oil sector, Thamer al-Ghadban, issued instructions to his staff Sunday to draw up an accelerated plan setting oil production targets for an interim period of several months. In an interview with International Oil Daily, the first since the Saturday announcement of his appointment by the US-led Office of Reconstruction and Humanitarian Assistance (ORHA) as chief executive of the interim management…
Iraq-Russia: What Now?
16 July 2001 Using its oil as both weapon and bribe, Iraq — thanks to Russia and some of its Arab neighbors — has thwarted US attempts to revamp the 11-year-old UN sanctions regime, and end Baghdad’s control over oil smuggling. For Washington, which launched the initiative in February as a cornerstone of its Mideast foreign policy, it’s back to the drawing board. A Russian “nyet” to the Anglo-American ideas…