VOL. XL

No. 42

20-October-1997

IRAQ

Iraq Promises Oil Field To PetroVietnam; Tatneft Extends $50Mn Credit Facility ToBaghdad

At a meeting in Hanoi last week between Iraqi Deputy Prime Minister Muhammad Hamzaal-Zubaidi and senior Vietnamese officials, plans for joint oil and rice production oncethe UN embargo is lifted were discussed, according to the Vietnam News Agency on 15October. Mr. Zubaidi "agreed to reserve an oil field with estimated reserves of 2bnbarrels to be jointly exploited with...