Middle East Economic Survey

VOL. XLVII

No 44

1-November-2004

IRAQ

Saddams Crude Surcharge Earnings Dwarfed By $9Bn From Illegal Oil Sales, CIA Reveals

The Saddam Husain regime in Iraq earned an estimated $9.2bn from oil sales that were outside the UN oil-for food program between 1991 and the US-led invasion in March 2003, according to a report prepared by Charles Duelfer for the US Central Intelligence Agency (CIA) and published on 30 September*. Of the total earnings, the bulk ($7,970mn) came from...