Skepticism Greets Iraq $21 Oil Offer
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<i> Reuters</i>
BAGHDAD, Iraq — With its oil exports frozen by a U.N. trade embargo, Iraq tried to woo customers Thursday by offering oil at bargain prices, but traders greeted Baghdad’s offer with skepticism.
Oil Minister Issam Abdul-Rahim Chalabi said that Iraq would sell its oil to any buyer at $21 a barrel and pledged not to touch the money until the Persian Gulf crisis is over.
“There is no way anybody can get a single drop of oil from Iraq,” a gulf-based oil trader said. “The (Western) warships will give them no chance.”
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