No. 28

10 July 2000


Iraqi Crude Oil Sales Fall 500,000 B/D In June, Expected To Fall Further In July

Iraqi crude oil exports under the oil-for-food program in June fell by 500,000 b/d to 1.94mn b/d, reducing total June production, which includes 600,000 b/d for domestic consumption and border trade with Jordan, Turkey and the Gulf, to 2.54mn b/d compared to 3.03mn b/d in May. The decline in exports is attributable to procedural delays as well as depressed demand for sour crude. In...