No. 11

16 March 1998


Iraq Oil Export Program In March Stands At 1.3Mn B/D

MEES learns that Iraq's oil export program in March stands at 1.3mn b/d, with700,000 b/d of Kirkuk crude and 600,000 b/d of Basrah Light. These figures take intoconsideration one cancellation that has already taken place and the slippage of onelifting from late March to early April because of the lower price formula announced fornext month. Trading in Kirkuk crude has been buoyant despite general weak market...