No 35



UN Sanctions CommitteeSplit On Pricing Of Iraqi Oil

Splits have emerged within the UNsanctions committee on the degree of freedom enjoyed by individual members toimpose their will on the pricing formula for Iraqi crude. In an effort to limitthe surcharges being imposed by the Iraqi authorities outside the control ofthe UN, the UK has been insisting on a review of prices every 10 days andhas been seeking to have this de facto arrangement formally adopted bythe...