UN Security Council Authorizes $1.6bn Iraqi Oil Sale
The UN Security Council approved on 19 September a resolution thatauthorizes a limited sale of Iraqi oil within the existing regime of economicsanctions instituted after the Iraqi invasion of Kuwait on 2 August 1990. Theresolution, adopted by a majority of 13 votes, with Cuba against and Yemenabstaining, permits Iraq to sell $1.6bn worth of oil over six months -equivalent to some 500,000 b/d at a price of...
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