VOL. XLI

No. 24

15-June-1998

IRAQ

Iraqi Oil Exports Decline Sharply In 1H June

Iraqi oil exports declined sharply during the first half of June because traders werealready covered for the month and did not expect the fourth oil-for-food program to startso quickly, MEES soundings indicate. Preliminary figures show that Iraqi exports inJune will total around 27.82mn barrels (920,000 b/d), compared to the volume achieved inMay of 50.09mn barrels (1.61mn b/d). Meanwhile, the UN Security Council is...