IRAQ OIL FOR FOOD

BY KEITH NUTHALL
IRAQ'S petroleum revenues are surging again through the UN's so-called oil-for-food programme, six months after a row over the future of the scheme had led to exports being suspended. As the scheme's 11th phase started this month, (December), during the week ending December 7, Baghdad earned an estimated Euro110 million in revenue; the previous week, Iraq had earned Euro 334 million.

According to the UN, Iraqi petroleum exports in the previous phase 10 of the programme reached just over 300 million barrels. Nearly 70 per cent of that ...


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