Sunday, June 25, 2006

Iraq oil output hits record level

More good news from Iraq the Entrenched Media will choose to ignore......

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 television, Mr Shahristani emphasised that only one month and three days after the Iraqi government took office, "we have been able to break a record".

Just 2 months ago WAPO called this figure a "pipe dream". Just proves that once again the press can't wish bad news into fact.

Update: Believe it or not the Times did pick up this story albeit buried in the business section.

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