VOL. XLIV
No. 08
19-February-2001
IRAQ
Major Oil Firms Begin to Purchase Iraqi Oil
After a hiatus of two months, major western oil firms have decided to buy Iraqi oil or are seriously considering doing so, MEES learns. A handful of these companies took a flexible line from the start and purchased Iraqi crude, arguing that they were provided by the trading firms involved with letters stating that no surcharge outside UN control was paid to the Iraqi authorities. Now the companies that have held...
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