VOL. XLI

No. 08

23-February-1998

IRAQ

Security Council Endorses Proposal To Raise Value Of Iraqi Oil Exports To $5.2BnEvery Six Months, But Baghdad Says It Can Only Handle Exports Up To $4Bn

The Security Council is scheduled to approve on 20 February a resolution sponsored bythe UK, Portugal and Sweden endorsing the supplementary program proposed by UN SecretaryGeneral Kofi Annan to raise the value of Iraqi oil exports to $5.256bn every 180 days.However, Iraq has once again affirmed that it can...