VOLXL

No.03

20-January-1997

IRAQ

IraqNegotiates E&P Agreements With Indian, Russian And Malaysian Firms; ClintonReaffirms US Opposition To Lifting Of Sanctions

Nowthat Security Council resolution 986 concerning humanitarian oil sales is fullyoperational, Iraq is stepping up talks with foreign oil firms regarding upstreamE&P contracts to be implemented once the sanctions are lifted. An Indianconsortium, composed of state-owned Oil and Natural Gas Commission (ONGC) andthe private firm...