VOL. XLV

No 5

4 February 2002

IRAQ

Contract Approvals Show NameplateTraders Continue To Dominate Primary Liftings

Iraqi crude export contracts for theeleventh phase of the oil-for-food program approved so far by the UN show thatsmall, nameplate traders are continuing to dominate primary lifting slots,suggesting that UN efforts to eliminate Iraqi surcharges which are usuallyhandled by these smaller companies, have had limited success. According to a Reutersreport of 25 January, of the 181mn...