VOL. XLIV

No 32

6-August-2001

IRAQ

Sanctions Committee Keeps Close Eye On Iraqi Oil Prices

The UN sanctions committee andIraqs State Oil Marketing Organization (SOMO) have managed to come to a swiftagreement on Iraqi oil prices, although SOMOs proposal that prices to Europe shouldbe accepted for the first half of August and those to US for the whole monthwas refused. Instead the committee decided to approve the prices to bothdestinations for 1-10 August only (see Table, page A15). The price of...