February 2004: Watchdog Informs CPA that Oil Production Goes Unmetered

The International Advisory and Monitoring Board for Iraq (IAMB), an independent agency formed to oversee the Development Fund for Iraq (DFI) and Iraq’s oil exports, notes in briefings to the CPA that the production of crude oil is going unmetered. It will later say in a report that such practices could result in the diversion of Iraq’s oil resources. It recommends that the CPA properly install metering equipment as soon as possible. [International Advisory and Monitoring Board for Iraq, 12/2004, pp. 2, 4 ]