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U.S. Industry Scoreboard 1/20 [70510 bytes] Iraq's limited oil exports are boosting OPEC output. Total OPEC crude production averaged 26.16 million b/d last month, up 120,000 b/d from November, estimates Middle East Economic Survey (MEES). MEES reckons Iraq exported about 8 million bbl of crude in second half December via Ceyhan, Turkey, and Mina Al-Bakr on the Persian Gulf. "The OPEC increase was pretty much wholly attributable to the resumption of the flow of Iraqi oil exports to world markets in mid-December," said MEES. For 1996 as a whole, OPEC oil production recorded a healthy gain, averaging 25.464 million b/d last year vs. 24.77 million b/d in 1995. The largest par...

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