VOL. XLIV

No. 26

25-June-2001

IRAQ

UN Recommends Additional Funding For Oil Industry With Prospect Of Major Outlook Decline

UN Secretary-General Kofi Annan has asked the Security Council to approve funding of up to600mn every six months to be used "for the cost of installation and maintenance, including training services, of the equipment and spare parts of the oil industry" in Iraq which have been financed by the oil-for-food program. Mr Annans recommendation is in accordance with resolution...