No. 24



Iraq Suspends Oil Exports As Security Council Focuses On New Resolution

Iraq has gone ahead with its threat to halt oil exports under the UN oil-for-food program if the program is not renewed for six months and if there is any reference to the "smart" sanctions proposed by the UK and US in a new resolution. However, Baghdad is continuing its 300,000 b/d cross-border oil trade with neighboring countries with a view to ascertaining its neighbors reactions once...