VOL. XLV

No 26

1-July-2002

IRAQ

SanctionsCommittee Mulls Over French Proposal To Reform IraqiOil Pricing Mechanism

France on 21June proposed to the sanctions committee a three-pronged approach to reform theIraqi oil pricing and sales mechanism. The sanctions committee discussed theproposal on 26 June but its members failed to endorse itand decided to postpone discussionsuntil 8 July.

FrenchProposal

The French proposal calls for an assessment of the impact ofthe decline of Iraqi oil exports on the...