NO. 52


No Prospect Of Iraqi Oil Exports As Security Council Debates Use Of FrozenIraqi Assets

Renewed speculation about a possible resumption of Iraqi oil exports wouldappear to have no discernible foundation in reality. The speculation arose as aresult of a kiteflying proposal by Iraq that the previous value ceiling onIraqi oil sales in the now defunct UN plan ($1.6bn over a six-month period, orroughly 550,000 b/d at current prices) should be more than tripled to...