Posts Tagged ‘crude deal’
15 December 2000
A deal reached with India last month could set the ball rolling for a new type of arrangement between Baghdad and “friendly countries.” In return for the award of an exploration contract in the western desert, India could trade wheat and rice for Iraqi oil outside the UN oil-for-food program, Iraqi sources say.
New Delhi is now talking to the UN about applying for a sanctions waiver, to compensate for the damage the embargo has wrought on its economy, sources in Baghdad tell Energy Compass. Under Article …