VOL. XL

No. 36

8-September-1997

IRAQ

Total Set To Finalize Deal With Iraq On Upstream Development

France's Total has made substantial progress in negotiations with Iraq regarding thedevelopment of the giant Nahr Bin Umar oilfield and hopes to finalize a deal before UNsanctions against Baghdad are lifted, the company's Chairman, Mr. Thierry Desmarest, wasquoted as saying on 4 October. However, the London-based Arabic newspaper al-Hayat alsoquoted Mr. Desmarest as noting that Total would not...