No. 52/ No. 01

25 Dec. 2000/1 Jan. 2001


Confrontation Over Surcharges Cuts Iraqi December Exports

There has been no resolution of the confrontation between Iraq and the Security Council over the surcharges that SOMO imposed on oil exports at the beginning of December, causing a complete halt of Kirkuk crude exports of around 900,000 b/d as well as a decline in Basrah Light deliveries. Iraq maintains that it has the right to make different deals with its customers, especially...