IRAQ

Agreement Reached on New Debt Repayment Accord with West Germany 

West Germany and Iraq have reached a new debt repayment agreement after an attempt by Bonn to purchase increased oil supplies to offset the debt balance failed, according to the West Germany Economics Ministry spokesman on 8 January. An agreement was reached between the two countries last September whereby West Germany would assist Iraq in finding potential customers for Iraqi oil to enable it to repay some DM50mn...