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Keyword: embargoednews

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  • Iraq oil output hits record level

    06/25/2006 3:58:06 PM PDT · by Jet Jaguar · 40 replies · 1,260+ views
    AFP ^ | June 26, 2006 | AFP
    IRAQ'S oil production is now over 2.5 million barrels a day, a record since the fall of Saddam Hussein, the country's oil minister said overnight. Oil Minister Hussein Shahristani said on US television that Iraq hopes to be producing 4.3 million barrels by 2010 and to be challenging Saudi Arabia as the world's largest producer by 2015. Production was about 2.5 million barrels a day when president Saddam Hussein was deposed by US-led forces in 2003. It then collapsed to virtually nothing and has been slow to rebuild because of insurgent attacks and other problems. In an interview with CNN...