VOL. XL

No. 25

23-June-1997

IRAQ

Tough Negotiations And Possible Delays Lie Ahead For The Oil-For-Food Program

The last-minute Iraqi decision to ask for a new distribution plan with adifferent basket of supplies as well as more efficient ways of approving contracts and thedisbursement of funds has raised many questions as to when Iraqi oil will start to flowagain. Diplomats now suggest that August, rather than July, is a possible time frame forthe resumption of Iraqi oil exports. In the end,...