VOL. XLVI

No 13

31-March-2003

SUPPLY/DEMAND

FSU Petroleum Exports Rise Dramatically In 2002, Says IEA

Former Soviet Union (FSU) petroleum exports rose dramatically in 2002 as companies boosted crude production capacity, according to the International Energy Agency (IEA). In the monthly Oil Market Report published on 12 March, the IEA says that as FSU exports rose, OPEC exports fell, in line with a reduction in production targets of 1.5mn b/d at the beginning of the year. The report said: Iraqi...