VOL. XLIV

No 44

29-October-2001

IRAQ

IraqSmuggling Extra Barrels As Part Of Approved Shipments, UN Says

Iraqhas smuggled an extra 500,000 barrels of Basrah Light crude, worth some $10mn,by topping up approved shipments after UN inspectors had completed checks andleft the tanker, the head of the UN oil-for-food program Benon Sevan announcedon 25 October. The claim, which was supported by pages of documentationincluding bills of lading and evidence provided by the captain of the vessel,is...