VOL. XLV

No 1

7-January-2002

IRAQ

Iraqi December Exports Down 720,000 B/D As SanctionsCommittee Zeroes In On Surcharges

Iraqi crude oil exports under theUN humanitarian program declined to 1.40mn b/d in December, compared to 2.12mnb/d in November, representing a drop of 720,000 b/d. It is understood that theDecember exports consisted of 820,000 b/d of Basrah Light (mainly to the US)and 580,000 b/d of Kirkuk (450,000 b/d destined to the US and 130,000 b/d toEurope). Information provided by the UN...