Iraq's oil-for-food plan expiring; Iraq silent on extension
May 24, 1999
Web posted at: 5:50 a.m. EDT (0950 GMT)
BAGHDAD, Iraq (CNN) -- Iraq's agreement with the U.N. to sell oil to buy
food and medicine expires on Monday without Iraq agreeing to an extension.
The U.N. allows Iraq to sell $5.2 billion worth of oil every six
months -- a program that expires at midnight. The U.N. says it
has not been officially notified whether Iraq will continue the program and
Iraq's oil minister told reporters on Monday he had nothing to say on the
issue.
Diplomats said they expected Iraq would eventually agree to an extension but
may let the current phase go temporarily unrenewed in protest against sanctions
which keep it from freely selling oil on world markets.
RELATED SITES:
United Nations Home Page
• SECURITY COUNCIL
The Iraq Foundation Home Page
Iraqi National Congress
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