VOL. XLIV

No. 18

30-April-2001

IRAQ

Iraqi Oil Sales: What Next?

There is no doubt that during the past four months Iraq has succeeded against all odds in putting together a maverick oil export program that involves the sale of crude oil to one or two middlemen before the crude finally ends up with an end user with a refinery to process it. The success of this new and unprecedented sales program for Iraqs State Oil Marketing Organization(SOMO) is reflected in the full export schedule for the past...