NO. 48



Iraq Contests UN Plan To Seize Iraqi Oil Funds

Iraq is contesting a UN plan to finance payments by the UN CompensationCommission by means of the takeover of funds as yet unpaid to Iraq for the saleof crude oil prior to the invasion of Kuwait. Last May (MEES, 23 May), theSecurity Council approved a request by UN Secretary General Butros Ghali toapproach the international oil industry with a view to locating such funds andarranging their transfer to the...