VOL. XLV

No 35

2-September-2002

IRAQ

Iraqi Oil Exports Under UN And Cross-BorderSchemes Squeezed

MEES soundings indicate that the protracted conflict between the UN sanctionscommittee and Iraq over surcharges and strict retroactive pricing that has reduced Iraqioil exports under the oil-for-food program lately to around 1mn b/d, appears tobe open-ended, with no resolution in sight. Moreover, it is understood that asof end-June, cross-border crude oil and petroleum products trade with Turkeyand...