VOL. XLIII

No. 19

8-May-2000

IRAQ

Iraq Current Oil Sales Program Lags Behind Previous Phase

Data supplied by the UN Office of the Iraq Program indicate that oil sales contracts for the current 7th phase approved by the UN Sanctions Committee until 28 April total 349.32mn barrels (1.94mn b/d), compared to 389.6mn barrels (2.16mn b/d) approved in the 6th phase (a decrease of 11.53%) and 360.8mn barrels (2.0mn b/d) in the 5th phase (see Table 1 for final 5th and 6th phase volumes). Since the 7th...