NO. 45



Resumption of Iraqi Oil Exports by 4Q Is Now Realistic Prospect

A resumption of crude oil exports from Iraq at a rate of around 500,000 b/dmust now be reckoned to be a realistic prospect following the agreement reachedon 7 August between the five permanent members of the UN Security Council(USA, USSR, Britain, France and China) on the wording of a draft resolutionwhich would permit limited Iraqi oil exports under strict UN supervision. Thedraft resolution has...