The impacts of IRAQ suspending oil shipments could affect markets as early as 
mid-December.
---------------------- Forwarded by Lorna Brennan/ET&S/Enron on 11/29/2000 
04:59 PM ---------------------------


webmaster@cera.com on 11/29/2000 04:29:14 PM
To: Lorna.Brennan@enron.com
cc:  

Subject: Iraq's Antisanctions Campaign: Prospects and Implications - CERA 
Decision Brief




**********************************************************************
CERA Decision Brief: Sent Wed, November 29, 2000
**********************************************************************

Title: Iraq's Antisanctions Campaign: Prospects and Implications
Author: Placke
E-Mail Category: Decision Brief
Product Line: World Oil ,
URL: http://www.cera.com/cfm/track/eprofile.cfm?u=5526&m=1429 ,

Alternative URL: 
http://www.cera.com/client/wo/db/112900_16/wo_db_112900_16_ab.html
*********************************************************

The Iraqi regime,s campaign to neutralize and eliminate the UN sanctions that 
have
constrained it for ten years is gathering momentum. Of immediate significance 
is the
growing likelihood that the antisanctions campaign will again pit Iraq 
against the UN
Security Council--this time in a struggle over the financial controls at the 
heart of
the "oil for food" program, whose current phase expires December 5. Such a 
struggle
could lead to suspension of Iraqi oil exports, perhaps for a few weeks, as has
previously occurred, but possibly for considerably longer. Should such a 
scenario
unfold, the effect on a still tight and nervous oil market would be dramatic.


**end**

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