VOL. XLIII

No. 15

10 April 2000

IRAQ

Iraqs Oil Production Falls To 2.16Mn B/D In March

Iraqs oil production in March slumped to 2.16mn b/d (1.56mn b/d exports under the oil-for-food program and 600,000 b/d for domestic processing and border trade with Jordan, Turkey and the Gulf), 430,000 b/d less than the 2.59mn b/d registered in February. MEES soundings indicate that commercial reasons lie behind the decline, as customers postponed lifting Kirkuk crude because of the March price formula, which...