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To: NC28203

Interesting......so if those oil $ are not being used to offset the cost of our efforts, where and who is getting that money? If production is 1 mill/bar per day (which I think is low) in a months time it becomes 30 mil X $ 60/bar which is around 1.2 billion........pretty good cash flow.


105 posted on 08/08/2005 11:10:31 AM PDT by american spirit
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To: american spirit

From the EIA

http://www.eia.doe.gov/emeu/cabs/orevcoun.html#Iraq

During 2004, EIA estimates Iraqi oil production of about 2.0 million bbl/d, and export earnings of $18.2 billion -- the highest in nominal terms since 2000. For 2005 and 2006, Iraqi oil export revenues are expected to increase slightly, to $19.3 billion and $19.4 billion, respectively.

At the end of June 2004, when the CPA officially handed over sovereignty to Iraqis, the DFI, with assets from oil export revenues of $10 billion, was to be run by the Iraqi government.

Besides the DFI, a portion of Iraq's oil revenues are also obligated to pay for claims stemming from the 1990/91 Gulf War. In 2003, the percent of Iraqi oil revenues going towards such claims was reduced from 25% to 5%.


112 posted on 08/08/2005 11:23:22 AM PDT by NC28203
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