IRAQ

Iraq Settles Italian Debts with Crude Oil Supplies 

Iraq and Italy have signed a protocol on joint economic and technical cooperation following a visit to Baghdad on 10-12 December by the Italian Trade Minister, Mr. Nicola Capria. The accord covers cooperation in the oil industry, transport and communications, irrigation and land reclamation. Iraq has agreed to pay part of its Lire 700bn ($415mn) short term debt to Italy in crude oil supplies priced at spot market rates...