VOL. XLII
No 40
4-October-1999
IRAQ
UN To Waive Ceiling On Iraqi Oil Export Revenue During Current Phase
As the current phase of the UN oil-for-food program draws to a close and it is clear that Iraq will overshoot the $5.26bn ceiling on oil sales well before phase VI expires on 21 November, diplomats at the UN are working on a formula which will maintain Iraqi oil exports without disruption. MEES understands that the Security Council is drafting a resolution that will allow an "adjustment" to...
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