NO. 36



India Lifts 45,000 b/d of Iraqi Crude in 1990

India has agreed to import 2.25mn tons (45,000 b/d) of Basrah Light crudefrom Iraq during 1990, compared to 20,000 b/d in 1989 and 70,000 b/d in 1988,MEES learns. Around 30% of the volume will be in payment for Iraqi debts toIndia, which are estimated to be around $400mn. The variation in volumes hasbeen due to the on-and-off debt payment negotiations and the changingpercentage to be allocated for paying back Iraqi...