VOL. XLIII

No. 22

29-May-2000

IRAQ

UN Sanctions Committee Approves Transient Oil Sales

The UN Sanctions Committee last week approved the amendments to the 7th phase contracts signed by Iraqs State Oil Marketing Organization (SOMO) with international oil firms for delivery of crude oil during the period 9-25 June. While the committee stipulated that the agreement does not authorize any lifting after 8 June before the Security Council approves the 8th oil-for-food program, in fact the UK plans to...