21 February 2003 Unfazed by the prospect of an imminent war, Iraqi oil officials are forging ahead with a 10-year plan drawn up last year, which aims to bring on stream early oil production from discovered but not-yet-developed fields, as well as launch an ambitious oil and gas exploration program to boost proven reserves. The 10-year plan, which stretches through 2012, aims at almost doubling oil production capacity in the…
Tag: Russia
Iraq-Mideast Conundrum
22 June 2001 Pressure is mounting as UN Security Council members race to revamp the 11-year-old sanctions regime against Baghdad before their self-imposed Jul. 3 deadline. Pushed by its main regional ally, Saudi Arabia, the US is finding it increasingly difficult to win success on the Iraqi front without becoming actively involved in the Middle East conflict. At the same time, however, Riyadh is helping the US pile the pressure…
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…