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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Iraq levies oil surcharge
Iraq threw down a new challenge to the United Nations yesterday by announcing that anyone who wants to buy its oil will have to pay a 40-cent surcharge on each barrel directly into an Iraqi bank account. Earlier in the day, however, Iraq had written to the UN, agreeing to its terms for the next phase of the oil-for-food programme. In the letter the foreign minister, Mohammed Saeed al-Sahhaf, said Iraq was accepting the terms 'so that our behaviour is not seen as negative and to expose further those with bad intentions'.
News Item details
Websites:
http://www.guardian.co.uk
Keywords: Production - Agreements and Quotas
Countries: Iraq -
Organisation: OPEC
Subjects: Food and tobacco, Oil
