خلاصه ماشینی:
Fereidoon Berkeshley* ugust 1996 marked the fifth anniversary of the economic and oil ban which was slapped on Iraq in the wake of its military occupation of Kuwait Over this period, Iraq has been deprived of its oil revenues which in 1990 met around 96 percent of the country's total foreign currency incomes.
This slump in oil exports tarnished Iraq's image in the international markets and sustained considerable losses on the production capacity of Iraqi oil wells and oil installations.
Notably, Iraq's nationalization ofits oil industry created conditions in which the companies showed greater flexibility toward the demands raised by Iran and Saudi Arabia.
Destruction of the exports terminals, especially the Mina Al-Bakr marine terminal, and closure of the pipeline which transferred Iraqi oil via Syria compelled Iraq to limit its production to 1 million barrels per day for a long span of time.
But there is the possibility that Iraq might increase its production capacity to 3 million barrels per day in a year's time.
On April 8, 1994, Iraq's oil minister, in an interview with OPECNA(oflicial news agency of the organization of the Petroleum Exporting Countries- OPEC) announced that all foreign companies could for an agreed period of time engage in seismography and oil exploration activities throughout Iraq.
N. embargo, the Iraq-Turkey Pipeline which has been officially closed down did not sustain any damages during the military operations on this region and currently has huge resources of crude oil.
These two terminals and the pipeline to which I have referred offered Iraq an oil export capacity of 5 million barrels per day in 1980.