VOL. XLI

No. 22

1-June-1998

IRAQ

Iraq Will Maintain Oil Exports Despite Security Council Delay OfSpare Parts Resolution

Iraq has decided to export crude oil under the fourth oil-for-food program as soon as theUN Secretary General Kofi Annan approves the new $4.5bn distribution plan. Accordingly,Baghdad will not wait for approval by the Security Council of the requested $300mn inspare parts for the Iraqi oil industry, since a UK draft resolution does not specify asix-month time limit for the...