Iraq continues to export oil under United Nations
UN officials said the regime of President Saddam Hussein exported 14.3
million barrels of crude oil in the week that ended on Dec. 27, Middle East Newsline reported. The
officials said the exports were comprised of 10 loadings.
The UN Office of the Iraq Programme said Iraq netted revenues of $409
million for the oil-for-food program. The average price of Iraqi crude for
the week was $26.90 per barrel.
Western diplomatic sources said Iraq exports much of its oil outside of
UN auspices. These include shipments of oil through Jordan and Syria.
Officials said that the oil-for-food program generated $910 million over
the latest phase. Phase eight of the program began on Dec. 5 and will end on
June 3, 2003.