No 19

13 May 2002


IraqiOil Exports Remain Below Target In May

Iraqs State Oil Marketing Organization (SOMO) resumed crude oilexports on 8 May following a decision by the political authorities to suspendthe one-month embargo on exports under the oil-for-food program in support ofPalestinian resistance to Israeli occupation. MEES soundings indicatethat SOMO has already confirmed sales and scheduled liftingsfor around 850,000 b/d and may be able to export as much as 1.4mn b/d in May,...