VOL. XLI

No. 03

19-January-1998

IRAQ

Russian Firms Dominate Iraqi Oil Sales In Third Oil-For-FoodProgram

Iraq's State Oil Marketing Organization (SOMO) concluded 29 sales contracts withinternational oil firms last week in accordance with the third oil-for-food program forthe 180-day period 5 December 1997 - 2 June 1998, with a total volume of 136.76mn barrels.The UN overseers had approved 19 of these contracts by 16 January (see table on page A3).The Iraqi political authorities are continuing...