WASHINGTON (AFX) – US oil companies since April have slashed oil imports from Iraq by 80-90% because of Baghdad’s demand for kickbacks and cumbersome UN oil purchasing procedures, the Washington Post reported. The cutbacks, from one million barrels a day to between 100,000 and 200,000, equal about US$20 million a day and have cut into…
MARKETS: US oil companies cut imports from Iraq by 80-90% since April Ð report
Posted on August 28, 2002 by EnergyAsia