VOL. XXXVI

NO. 3

19-OCTOBER-1992

IRAQ

Iraq Proposes New Scheme for Oil Sales

Mr. Muhammad Mahdi Salih, the Iraqi Trade Minister, told the Baghdad-dailyal-Jumhuriyah on 14 October that his country is ready to enter into agreementsto sell future oil for present deliveries of food and medicine. "Iraq isready to sign contracts with various foreign companies to buy food and medicine,provided that the costs be covered by Iraq's frozen assets or by deferredpayment to be made by deliveries of Iraqi oil...