VOL. XLV
No 7
18-February-2002
IRAQ
UNs Sevan Says RetroactivePricing Cutting Oil-For-Food Proceeds
The policy of retroactive pricingadopted by the UN sanctions committee in an effort to eliminate Iraqi oil salessurcharges is dramatically cutting the number of liftings of Iraqi crude in thecurrent phase of the oil-for-food program and thus cash proceeds from the oilsales which are used to purchase humanitarian goods, Executive Director of theUN Office of the Iraq Program (OIP) Benon Sevan said...
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