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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Czechsinthemail who wrote (10349)2/2/1998 12:59:00 PM
From: Tulvio Durand  Read Replies (1) of 95453
 
The article you quote from is dated Feb 1995. More recent NY Times articles indicate 500% increase in Iraq smuggled oil in the last year alone. This would place these illegal oil shipments at least 1,000,000 bls/day even when conservatively assuming there was no increase in smuggling from 1995 to 1996. Add to this total their legal oil-for-food shipments and you get close to the pre-embargo Iraq oil production numbers. ********************** Illegal Iraqi Oil Shipments Increase, U.S. Says Senior officials of the United States Navy and State Department told a Security Council sanctions committee today that Iraq's illegal exports of oil through the coastal waters of the Persian Gulf have jumped 500 percent in the last year. These export ... November 19, 1997, Wednesday Section: Foreign Desk 374 words By BARBARA CROSSETTE search.nytimes.com search for iraq oil smuggling ------------------------------------------------------------------------
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