CERA: Former Iraqi oil minister calls for Iraq production cap, reservoir

02/16/2004
Rather than trying to match or surpass its prewar oil production level of 2.8 million b/d, Iraq should "cap [oil] production at a maximum 2 million b/d, export no more than 1.5 million b/d, and start immediately on subsurface [work]" to assess and repair damaged reservoirs in its oil fields, said Issam Al-Chalabi, a former oil minister.Iraqi and US officials "should forget about reaching what [former Iraqi President] Saddam [Hussein] used to do. This should not be the objective. The objective should be to install proper management of the oil reservoirs," said Al-Chalabi Feb. 11 at an annual energy conference in Houston, sponsored by Cambridge Energy Research Associates.At the same confere...
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