VOL. XLV

No 48

2-December-2002

IRAQ

Replacing Iraqi Crude With Saudi Would Improve Asian Refining Margins, Says FACTS

If Iraqi crude exports were to be blocked due to military action, replacing the volumes with Saudi Arabian crudes would alleviate a number of market distortions of the past few years, according to Honolulu-based FACTS Inc. In the report Replacing Iraqi Oil Exports: What Does It Really Mean for the Crude and Products Markets?, published this month, analysts Hassaan Vahidy and...