Iraq, Oil, pre 9-11

Iraq, Oil, pre 9–11

An authoritative Iraqi source says that as much as 90 percent of the actual amount of Iraq’s estimated 1.8 million barrels per day (bpd) are going to U.S. Gulf coast refineries.

“Most of Iraq’s oil exports in July are destined to the U.S., with a few going to Europe,” reported the authoritative oil journal Middle East Economic Survey.

American refiners’ thirst for Iraqi oil has been ongoing. Reuters reported on May 12, 2000, that since 1998, U.S. imports of Iraqi crude oil have doubled to 750,000 bpd, 9 percent of total U.S. oil imports. ABC News July 20 2001