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Iraqi Oil Exports Delayed From Both

Juan Cole 03/28/2004

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Iraqi Oil Exports delayed from both North and South

AFP reports delays in Iraq oil exports in both the north and the south of the country.

Although exports are up to pre-war levels, it should be remembered that the 2.8 million barrels a day typical of the pre-war period were very low in comparison to Iraq’s capacity, and that they don’t generate enough for the government to run the country properly.

Meanwhile, Jubilee Iraq reckons that the country is saddled with $300 bn. in debt and reparations from the Saddam period, a crushing burden that could delay the country’s re-development if there is not substantial debt forgiveness.

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About the Author

Juan Cole is the founder and chief editor of Informed Comment. He is Richard P. Mitchell Professor of History at the University of Michigan He is author of, among many other books, Muhammad: Prophet of Peace amid the Clash of Empires and The Rubaiyat of Omar Khayyam. Follow him on Twitter at @jricole or the Informed Comment Facebook Page

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