Tyreds Tale
02-08-2006, 10:23 PM
Feb 8, 2006 — By Deepa Babington
HOUSTON (Reuters) - Iraq needs $20 billion in foreign investment to triple oil output over the next decade, Iraqi officials hoping to draw money into their war-torn country told executives in the U.S. energy capital on Wednesday.
The country is still thinking big despite daily violence that has helped push exports down to their lowest level in nearly three years, said the officials, who declined to be identified for security reasons.
It hopes to increase production from the current level of less than 2 million barrels per day to at least 3 million bpd by the end of the year, 4 million bpd by 2010, and 6 million bpd by 2015.
http://abcnews.go.com/US/wireStory?id=1596488
HOUSTON (Reuters) - Iraq needs $20 billion in foreign investment to triple oil output over the next decade, Iraqi officials hoping to draw money into their war-torn country told executives in the U.S. energy capital on Wednesday.
The country is still thinking big despite daily violence that has helped push exports down to their lowest level in nearly three years, said the officials, who declined to be identified for security reasons.
It hopes to increase production from the current level of less than 2 million barrels per day to at least 3 million bpd by the end of the year, 4 million bpd by 2010, and 6 million bpd by 2015.
http://abcnews.go.com/US/wireStory?id=1596488