IRAQ: U.N. OIL EXPERTS TO VISIT NORTHERN IRAQI TOWN OF ZAKHO AND INSPECT OIL INSTALLATIONS PRIOR TO OIL FOR FOOD DEAL

Record ID: 344787

  • Title: IRAQ: U.N. OIL EXPERTS TO VISIT NORTHERN IRAQI TOWN OF ZAKHO AND INSPECT OIL INSTALLATIONS PRIOR TO OIL FOR FOOD DEAL
  • Date: 3rd December 1996
  • Summary: BAGHDAD, IRAQ (DECEMBER 3, 1996) (RTV(A) - ACCESS ALL) 1. SMV OIL EXPERTS DUTCHMAN DEBRUIJN HUIBREGT AND BRITON JOHN STOKES CHECKING INTO HOTEL, REFUSING TO COMMENT (ENGLISH) (2 SHOTS) 0.31 2. SMV HUIBREGT AND STOKES WALKING TO LIFT AND AGAIN REFUSING TO SPEAK (ENGLISH) 1.10 Initials Script is copyright Reuters Limited. All rights reserved.
  • Embargoed: 18th December 1996 12:00
  • Keywords:
  • Location: BAGHDAD, IRAQ
  • City:
  • Country: Iraq
  • Reuters ID: LVA6WN298SAT0N16Y88ZMRCS5IVB
  • Story Text: INTRO: Two U.N. oil experts are to visit the northern Iraqi town of Zakho on Wednesday to inspect oil installations ahead of the implementation of the oil-for-food deal with the United Nations.

    Dutchman Debruijn Huibregt and Briton John Stokes from the Dutch company Saybolt are to inspect repairs made to a metering station which monitors oil flow through a pipeline linking Iraqi oilfields to Turkey.

    The first Iraqi oil since the Gulf War could be shipped to world markets next week now that Baghdad had signed deals with 50 companies to sell its crude under a U.N. oil-for-food deal, an oil official said on Tuesday.

    "No problem remains...The story is over...loading is supposed to start next week," Taha Hmud Mosa, senior under-secretary at Iraq's oil ministry, told Reuters.

    Mosa said Iraq had signed "initial contracts" with 50 international firms for the oil sales, putting Iraqi oil onto world markets for the first time since sanctions were imposed for invading Kuwait in 1990.

    Mosa said Iraq's export outlets were capable of handling 2.4 million barrels of oil per day (bpd), almost three times the amount Baghdad would be allowed to export under its food-for-oil deal with the U.N..

    The limited oil sales, designed to ease the suffering of the Iraqi people under U.N. trade sanctions, allow Baghdad $2 billion of exports in six months.

    Mosa said Iraq intended to ship about 350,000 bpd via Mina al-Bakr on the Gulf and an estimated 450,000 bpd through Turkey depending on world oil prices.


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