VOL. XLIV

No 40

1-October-2001

IRAQ

Iraqi Oil Prices To US Remain InLimbo

Iraqi oil prices to the US remainin limbo following the Security Councils failure yet again on 24 September toagree on the duration of their application. However, the Council members diddecide to have the overseers brief the sanctions committee on where the marketprice of Iraqi oil is relative to the official selling price (OSP) on a weeklybasis, in order to determine whether surcharges are being paid to the Iraqi...