No. 02



Iraqi Oil Exports Average 2Mn B/D In 1999

Iraqi oil exports under the oil-for-food program averaged 2.01mn b/d in 1999, compared to 1.55mn b/d in 1998, an increase of 29.7% (see table below). In 2000, Iraq is allowed under the recently approved Security Council resolution 1284 to export at capacity and without a ceiling. So far in the seventh phase of the oil-for-food program the UN has approved 53 Iraqi oil sales contracts for a total volume of 187.5mn...