§ Sir Menzies CampbellTo ask the Secretary of State for Trade and Industry which body is responsible for monitoring the volume and price of Iraqi oil exports; and if she will make a statement. [154549]
§ Mr. TimmsUNSCR 1483 charges the International Advisory and Monitoring Board (IAMB) with, inter alia, auditing the sale of Iraqi oil.
§ Sir Menzies CampbellTo ask the Secretary of State for Trade and Industry if she will list the(a) average spot price paid for and (b) volume sold of Iraqi oil on the international market in each month since June 2003; and if she will make a statement. [154550]
§ Mr. TimmsThe average spot prices for sales of Iraqi crude oil each month since June 2003 are given in Table 1. Only a small volume of Iraqi oil has been sold on a spot basis
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Table 1: Monthly average of the spot price of Iraqi oil US dollars per barrel Basrah Light1 Kirkuk2 June 2003 26.1 24.2 July 2003 26.5 26.4 August 2003 27.5 28.3 September 2003 24.8 Not applicable October 2003 27.4 Not applicable November 2003 27.3 Not applicable December 2003 29.3 Not applicable January 2004 30.1 Not applicable 1Monthly average of the daily spot price assessment of Iraqi Basrah Light crude delivered to the United States Gulf. 2Monthly average of the daily spot assessment of Iraqi Kirkuk crude loading at Ceyhan in Turkey. Note that Kirkuk crude has been exported since August 2003. Kirkuk prices are on a Free On Board basis, meaning that all delivery, inspection and elevation or loading costs involved in putting the crude on board a carrier have been paid. Source: Platts