VOL. XLV

No 9

4-March-2002

IRAQ

Growing Political Problems Begin To Weigh On Iraqs OilIndustry

Political and economicdevelopments are combining to cause concern about Iraqs ability to exportcrude oil at capacity. Iraqs February oil exports under the UN oil-for-foodprogram are again expected to be low, totaling around 1.56mn b/d, orapproximately 640,000 b/d less than the targeted goal of 2.2mn b/d. January andDecember exports averaged 1.55mn b/d and 1.40mn b/d, respectively. MEESsoundings indicate...