Dear PIRA Retainer Client:

The following Current News & Analysis articles have been published on
PIRA's website:

1) UN Retroactive Pricing Of Iraq's Kirkuk Crude Reducing Offtake
2) U.S. SPR Increasing More Rapidly In 2002
3) FSU Oil Production Growth Lower In 2002

Please go to http://www.pira.com

You will need a PIRA Online account in order to gain access. For account
information please contact Dyana Rothman, drothman@pira.com or at
212-686-6808.

Best regards & Happy New Year.

PIRA Energy Group