No 37

10 September 2001


Sanctions CommitteeDeadlock Keeps September Iraqi Oil To US Without A Price

TheUN sanctions committee has once again failed to agree on a price formula forIraqi crude oil to the US. The dispute started in August when the UK proposedthat Iraqi oil prices should be reviewed every 10 days in an attempt toeliminate the surcharges paid to the Iraqi authorities outside UN control. Whenthis proposal failed to win the necessary support, the US proposed a 15-day...