No. 07



Iraq Suspends All Out Production Policy As Country Faces Loss Of Around 20% Of Recoverable Reserves

The all-out production policy pursued by Iraq during 1999 appears to be coming to an end, at least temporarily, unless the Security Council increases the allocations for the oil spare parts and equipment to over $300mn every six months and the US relaxes the holds it has placed on numerous supply contracts, according to Iraqi Oil Minister Dr'Amir Rashid (see...