VOL. XLVI

No 42

20-October-2003

IRAQ

Iraq Scales Back 2004 Oil Export Target To 1.6Mn B/D

The authorities in Iraq have reduced the projected 2004 average crude oil export target to 1.6mn b/d, compared to the earlier estimate of 2mn b/d. This latest projection was revealed in the 2004 budget which was prepared and released by the Coalition Provisional Authority (CPA) and authored by the Ministers of Finance and Planning. There was no official explanation for the move, particularly since SOMO had...