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Iraq South Oil Company to Expect Increase by 2012

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Uploaded by on Jun 2, 2011

Iraq South oil Company to Expect Increase by 2012

The Iraq South Oil Company expects a rise in its southern oil fields up to 2.5 million barrels per day by the end of this year, despite crumbling infrastructure.

Despite the rise in oil fields prices, Iraq will have to invest in billions of dollars on storage tanks, export terminals and pipelines after years of war, economic sanctions and decline.

Speakers:

Dhiya Jaffar- Head of South Oil Co

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  • good luck, I hope they keep increasing the :parels per day" so they can pay for Iraq's infrastructure

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