CGES: Iraq's oil production recovery will be slow going

Restoring Iraqi oil production to prewar levels will be a slow and painful process in the face of widespread looting, sabotage, and armed attacks on US and allied forces.Julian Lee, of the Centre for Global Energy Studies, London, Mar. 29 presented a pessimistic outlook on Iraq's oil recovery to a Canadian Energy Research Institute conference near Calgary.Factors leading to unrest include the fact that after the defeat of the Saddam regime, 52 million pieces of Iraqi military equipment were looted and fell into the hands of people who "do not bode Iraq well," Lee said.Dismissal of the Iraqi army and Baath Party members has left as many as 500,000 people with no stake in the future of ...

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