VOL. XLI
No. 06
9-February-1998
IRAQ
Annan's Proposals Will Boost Value Of Iraqi Oil Exports By 150% To$5.2Bn Over 180 Days
The UN Secretary General, Mr. Kofi Annan, proposed to the Security Council on 1February that the value of oil sales under Iraq's new oil-for-food program should beraised from the current $2.0bn to $5.2bn every six months (excluding transit fees toTurkey), an increase of some 150%. Mr. Annan told the Council in his report that "ithas become increasingly apparent" that the...
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