No 39



Iraq Exports Surge As UN Approves NewContracts

Iraqi oil exportsunder the UN oil-for-food program surged in the week to 20 September to theirhighest weekly average since the start of Phase 12 on 30 May, averaging 1.9mnb/d after a total 13.3mn barrels of crude were shipped in the week. Accordingto the UN, Iraqexported four cargoes of Kirkuktotaling 4.4mn barrels and five cargoes of BasrahLight, totaling 8.9mn barrels. The week to 20 September data is more than...