VOL. XLI

No. 21

25-May-1998

IRAQ

Oil Companies Adopt A Wait-And-See Attitude As Baghdad Rejects US Proposal ForEvergreen Oil-for-Food Program

Most oil firms have taken a wait-and-see attitude regarding Iraqi oil exports in Juneas Washington and Baghdad wrangle over the supplementary oil-for-food program. Mattershave not been helped much by renewed US statements that the sanctions will remain in forceas long as President Saddam Husain stays in power.

MEES soundings indicate that all Iraqi oil...