VOL. XXXV

NO. 24

16-MARCH-1992

Iraq

Iraqi Oil Minister Confirms Contacts with Western Oil Firms

Mr. Usama al-Hiti,the Iraqi Oil Minister, has confirmed recent media reports that several westernoil firms have been holding preliminary talks with the Iraqi oil authorities forpossible future oil exploration and development contracts on a productionsharing basis after the UN sanctions are lifted. Mr. Hiti told French Television FR3 that "some of the companies are French, and the feeling is thatthe...