101. Higher prices could also mean that non-OPEC exporters with higher production costs will once again find it profitable to pump oil, thereby increasing global supplies and dampening prices. 102. Henney said the spill occurred when technicians inadvertently pumped the oil out in an attempt to correct a slight list in the ship. 103. If Iraq rejects the extension, it will have to stop pumping oil for export, likely jeopardizing the U.N. humanitarian program. 104. In New York, U.N. oil-for-food spokeswoman Hasmik Egian confirmed Iraq had stopped pumping oil. 105. In the past, higher prices have tempted some OPEC members to cheat on their quotas by pumping more oil in an effort to maximize short-term profits. 106. Instead, Richardson has sought to convince the OPEC ministers that it is in their interest to pump more oil. 107. Iraq began pumping oil under the U.N. program last December. 108. Iraq expects to start pumping oil this weekend. 109. Iraq has said that it will not begin pumping oil under the agreement until Annan approves the distribution plan. 110. Iraq is expected to begin pumping oil in the coming weeks. |