CNN.com - Iraq cuts oil in Israel protest - April 8, 2002
BAGHDAD, Iraq -- President Saddam Hussein has announced Iraq is cutting its oil exports for a month in protest at Israel's military offensive in the West Bank.If memory serves, Saddam insisted that the oil embargo the UN placed on his country was killing its citizens. Now, he seems perfectly willing to let them suffer so he can make political hay.
The halt in oil would include all exports through Turkey and the Persian Gulf port of Basra, including that for the United Nations oil-for-food programme, which limits Iraq's oil exports in exchange for food and medical supplies. ...
Algeria's Energy and Mining Minster Chakib Khelil said oil cartel OPEC rejected the use of oil exports as a political weapon.
"OPEC, which includes non-Arab states, has officially rejected this idea," he told Reuters in the southern city of Marrakesh in the sidelines of an international energy exhibition.
Khelil said the oil weapon had been used by Arab OPEC members in 1973, but that had backfired on them by slashing their revenues. ...
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