Iraq: February 3, 2000

Archives

A small Russian tanker was caught trying to cross from Iranian waters, via the Straits of Hormuz, to The United Arab Emirates, where it planned to sell a cargo of Iraqi oil it had bought cheaply at the Iraqi port of Basra. For years, Iraq has been selling oil illegally for shipment, along the coast in Iraqi, then Iranian waters. Much of the oil was sold in Iran. But smugglers found that they could get a higher price by steaming along the Iranian coast to the mouth of the Persian Gulf, then dashing across the narrow straits to the United Arab Emirates and get an even higher price. The UN naval blockade of Iraq became aware of this and began stalking ships, in this case a Russian one, as they moved down the Iranian coast. The oil sold illegally brings Iraq only about $20 million a month. But this oil revenue not supervised by the UN, and is probably used by the Iraqi government to buy weapons or other forbidden items.

 

Article Archive

Iraq: Current 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 


X

ad
0
20

Help Keep Us Soaring

We need your help! Our subscription base has slowly been dwindling. We need your help in reversing that trend. We would like to add 20 new subscribers this month.

Each month we count on your subscriptions or contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..
Subscribe   Contribute   Close