VOL. XLII

No. 09

1-March-1999

IRAQ

Iraqi Oil Revenue Under Oil-For-Food: Shortfalls ProjectedFor Phase V

As at 31 January, of the $5.256bn authorized under UNSecurity Council resolution 1210 for Phase V of the Iraqi oil-for-food program,$459.2mn had been deposited in the Phase V account, bringing total proceedsfrom oil sales since inception of the program to $9.846bn (see tables below),according to UN Secretary General Kofi Annans report to the Security Councilon 22 February.

To date, the...