VOL. XLIII

No. 49

4-December-2000

Iraq

Documents

Text Of UN Overseers Letter To Iraqi Oil Lifters

To: Buyers of Iraqi Crude Oil

From: The Oil Overseers

Ref: Oil-for-Food Arrangement

Date: 30 November, 2000

Dear Sirs,

Following consultation with the 661 Committee, the UN Oil Overseers wish to advise buyers of the following:

  • There is no agreed pricing mechanism between SOMO and the UN for Iraqi crude for December loading.
  • Loadings may continue without a pricing mechanism.
  • Until there is a pricing mechanism,...