VOL. XLVI

No 2

13-January-2003

IRAQ

Iraqi Oil Exports Under UN Program Down To 1.27Mn B/D In 2002

The conflict between Baghdad and the Sanctions Committee over the price surcharge and the resultant restrictive retroactive pricing took their toll on Iraqi exports in 2002, with average exports under the UN oil-for-food program down to 1.27mn b/d compared to 1.71mn b/d in 2001 and 1.92mn b/d in 2000. Iraqi exports reached their lowest levels during the April-September period. Moreover, the escalating...