Abstract
This section summarizes downstream developments of the previous month. Exploration & Production are covered in 'Upstream Review'. Iraq moved closer to all‐out civil war following an attack on the Imam Ali al‐Hadi mosque in Samarra, one of Shi'i Islam's holiest shrines, on 22nd February. In the days that followed, several hundred Iraqis died in inter‐communal violence. Attacks on installations close to the Basrah Oil Terminal were reported. Earlier in the month, the main oil storage facility in Kirkuk was bombed, forcing the Northern Oil Company to shut‐in the 0.3 mn bpd field. Oil and electricity supplies in southern Iraq were cut by attacks on installations some 40 miles south of Baghdad. Turkey agreed to resume product exports to Iraq after a deal was agreed on repaying Iraqi debts of $1 bn to Turkish suppliers. An official Australian inquiry into illegal payments made under the UN's oil‐for‐food programme is to investigate allegations involving two Australian‐controlled oil firms.
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