Iraq has sold more than $37 billion of oil since 1996

Published November 8th, 2000 - 02:00 GMT

Iraq has sold more than $37 billion worth of crude oil, or more than 2.146 billion barrels, since the beginning of the "oil-for-food" program in December 1996, the United Nations said Tuesday. 

 

Iraq has also exported 316 million barrels of oil worth just over 8 billion dollars since the oil-for-food program's eighth phase began in June, a UN statement said. 

 

The oil-for-food program, designed to offset the humanitarian consequences of the 10-year-old embargo on Iraq, lets Baghdad sell oil under UN supervision in exchange for food, medical supplies and other necessities.—AFC. 

©--Agence France Presse. 

 

© 2000 Mena Report (www.menareport.com)

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