Iraqi oil exceeds pre-war output
Post Source: BBC News
While attacks on Iraqi oil facilities still remain a threat, this is great news.
Iraqi oil production is above the levels seen before the US-led invasion of the country in 2003, according to the International Energy Agency (IEA).
The IEA said Iraqi crude production is now running at 2.3 million barrels per day, compared with 1.9 million barrels at the start of this year.
It puts the rise down to the improving security situation in Iraq, especially in the north of the country.
<...snip...>
n recent years this pipeline has been out of action for long periods due to sabotage attacks.
Since the summer there has been a marked downturn in all forms of violence in Iraq.
Analysts point to a number of reasons for this, ranging from the big increase or "surge" in American troop numbers in Baghdad, to Sunni militant groups turning against former al-Qaeda allies.
British forces are due to hand control of security in Basra province to Iraqi forces on Sunday.
The security improvements in Iraq are leading to all sorts of dividends in the country, some of which could be enormously lucrative, said BBC correspondent Crispin Thorold in Baghdad.
The IEA said Iraqi crude production is now running at 2.3 million barrels per day, compared with 1.9 million barrels at the start of this year.
It puts the rise down to the improving security situation in Iraq, especially in the north of the country.
<...snip...>
n recent years this pipeline has been out of action for long periods due to sabotage attacks.
Since the summer there has been a marked downturn in all forms of violence in Iraq.
Analysts point to a number of reasons for this, ranging from the big increase or "surge" in American troop numbers in Baghdad, to Sunni militant groups turning against former al-Qaeda allies.
British forces are due to hand control of security in Basra province to Iraqi forces on Sunday.
The security improvements in Iraq are leading to all sorts of dividends in the country, some of which could be enormously lucrative, said BBC correspondent Crispin Thorold in Baghdad.
Via Dave at Deans World