VOL. XLII

No 42

18-October-1999

IRAQ

Annan Recommends $300Mn More For Oil Equipment; IraqsNovember Oil Prices

Following the approval of the Security Council to lift theceiling on Iraqi oil exports for the remainder of the sixth phase, the UNSecretary General Kofi Annan recommended to the Council that an additional$300mn be allocated for the purchase of oil spare parts and equipment, over andabove the $300mn that has already been approved. Mr. Annans recommendationfollows an earlier proposal...