No. 02



Iraqi Oil Exports Return To A Weak Market

After a five-week hiatus, Iraqi oil exports under theoil-for-food program return this week to a much weaker market than when they weresuspended on 5 December. MEES estimates that with the current low price levels andwith a start-up delay of over a month, Iraq will need to export around 1.5 mn b/d in orderto achieve the $1.07bn revenue target for the first 90-day tranche of the thirdoil-for-food program (5 December -...