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To: unregmarket who wrote (79042)	11/15/2000 6:49:01 AM
From: Second_Titan	Respond to of 95453

Saddam is going to get in a blow one way or another. slb.com Also: Iraq Ceyhan Crude Loadings Still On Hold; 4 Tankers Await Dow Jones Newswires ISTANBUL -- Iraqi oil loadings at Turkey's Ceyhan oil terminal are still on hold Wednesday morning, as Iraq still hasn't authorized them, shipping sources told Dow Jones Newswires. The sources said that by 0900 GMT Wednesday, there was no word from Baghdad to press ahead with loadings and no indication when they will be permitted. Iraqi loadings from Ceyhan became erratic last week after Iraq requested that its oil exports under the U.N.'s oil-for-food deal be paid for in euros instead of dollars. Sources said the period since last week should have been enough to secure the necessary letters of credit, and it is likely that there are other issues that mean Baghdad is withholding loading authorization. "Something is withholding Baghdad and even the buyers don't know what it is," the source said. Four vessels - Arendal, Macoma, Bering Sea and SCF Trader - are anchored offshore waiting for their loads. Iraq's Ceyhan loadings are subject to authorization from Baghdad, which is usually issued on a daily basis for each tanker and after the letter of credit for each cargo is received. Once a confirmation is received in Ceyhan, any tanker may start loading in about three hours.