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03-27-2006, 08:53 AM
Work set on Iraq oil metering system
Work set on Iraq oil metering system 27/03/2006 Source: Reuters UK

http://www.iraqdirectory.com/DisplayNews.aspx?id=1069

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Iraq adopts new procedure to face oil smuggling
MENAFN (http://www.menafn.com/) - 27/03/2006
An Iraqi diplomat said that the government is finally starting work on a long-delayed system to metre its oil production, under international pressure to crack down on oil smuggling, Reuters UK reported.

The Iraqi Oil Ministry has signed a preliminary agreement with the Royal Dutch Shell group to consult with it on creation of a system measuring the flow of oil, gas and related products, whether inside Iraq or for export to foreign markets, the Iraqi Deputy U.N. Ambassador announced.

The ministry also has concluded an agreement to rebuild a metering system in its southern oil port of Basra, where oil is loaded onto tankers for export.

http://www.menafn.com/qn_news_story_s.asp?StoryId=130710

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