NO. 2


UN Lines Up Monitoring Committee For Iraqi Oil Sales But Prospects ForEarly Resumption Of Exports Look Hazy

The UN Secretariat has lined up a Norwegian team to monitor potential crudeoil sales by Iraq under the UN plan which would allow limited Iraqi exports to amaximum value of $1.6bn over six months. However, prospects for an actual earlyresumption of Iraqi oil exports look pretty hazy at the moment, given that theIraqi Government has not yet given its assent to...