White House reports Iraq oil repair progress to Congress

01/19/2004
The White House has reported to the US Congress that Iraq's oil production currently stands at 2.3 million b/d and is expected to increase to 2.5 million b/d by Apr. 1.The White House said Iraq has a "theoretical potential" to produce 3 million b/d.Congress appropriated $1.7 billion toward oil infrastructure projects last November. That amount was part of an $18.6 billion reconstruction budget bill designed to help repair war-related damage in Iraq and Afghanistan. The legislation requires the White House to issue quarterly reports on how it spends the money (OGJ Online, Nov. 5, 2003.)The Pentagon Jan. 5 said that, through the US Army Corps of Engineers (USACE), it will start spending...
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