VOL. XXXIX

No. 49

2-September-1996

IRAQ

Final Decision On Iraqi Oil Price Formulas Rests With Sanctions Committee

Though discussions between officials from Iraq's SOMO and the four UN overseers over the price formulas for Iraqi crude oil got under way in New York last week, the fact remains that the final decision on the matter rests with the Sanctions Committee. This being so, it remains a matter of conjecture as to when that formal approval will actually materialize. In the past,...