IRAQ OIL FOR FOOD

BY MICHAEL FOXDIPLOMATS at the United Nations' headquarters in New York say that the troubled Iraq Oil for Food Programme is in danger of running into serious problems once again unless alleged ambiguities and contradictions in the current system are sorted out.Critics are particularly focusing on the retrospective pricing mechanism that was introduced last October in an effort to stamp out illegal premiums that Iraq had been charging oil companies, of up to 30 cents (US$) a barrel. The idea was that by setting the price after contracts had been signed, the ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.