VOL. XL

No. 24

16-June-1997

IRAQ

Iraqi Oil Exports Will Be Delayed Until New Humanitarian SuppliesPlan Is Ready And Approved

In a surprise move that caught oil markets and UN diplomats off-guard,Iraq has decided to delay its oil exports until it receives approval for a newhumanitarian supplies plan for the second 180- day phase of the oil-for-food scheme. Thetiming for the resumption of Iraqi oil exports is therefore difficult to predict, but itnow looks quite certain that physical Iraqi...