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IraqiOil Exports To US Surged In 2001 As Far East Market Receded

Iraqioil exports under the UN program surged to the US in 2001 compared with 2000,with shipments of Basrah Light to the Far East falling, a MEES survey ofIraqi export data shows (For list and analysis of Iraq oil exports in 2000, seeMEES, 27 August 2001). In terms of destinations, the 2001 data showsthat 65% of Kirkuk fixtures were worked to European destinations with around31% going to the US. The...