VOL. XLIII

No. 44

30 OCTOBER 2000

IRAQ

Iraqi Oil Exports May Be Disrupted Next Week

The following is the text of the MEES Flash released on 26 October.

MEES learns that there is a serious possibility that Iraqi oil exports could be suspended next week as a result of the delay at the UN in deciding whether to approve Baghdads instructions to its customers to pay for Iraqi oil in euros as of 1 November. The situation has been complicated by the fact that as of Wednesday 25 October the Iraqi State...