Saddam taps back into the oil world
The announcement was premature, as a fault in the pumping-station in Kirkuk, in the heart of Iraq's northern oilfields, delayed for several hours the export of the first of 580,000 barrels a day of crude oil, which will be pumped through Turkey to its oil port at Dortyol.
Iraq has been able to start exporting limited quantities after six years because of the UN Security Council's plan under which Baghdad will export $2bn of oil every six months. Under a UN-monitored scheme, the the money will be spent on food and medicine for Iraqis, compensation for victims of the invasion of Kuwait and UN operations in Iraq.
The US agreed last year to limited sales to relieve pressure on humanitarian grounds within the UN Security Council for the total lifting of sanctions. President Saddam initially considered the monitoring of his oil exports and the distribution of aid as an invasion of Iraqi sovereignty and delayed final agreement. It is likely, however, that the improved ration for 20 million Iraqis will strengthen his regime.
In giving the go-ahead for the plan, Boutros Boutros-Ghali, the UN Secretary- General, said: "This is a victory for the poorest of the poor of Iraq, for the women, the children, the sick and the disabled." Unicef believes 4,500 children under the age of five were dying each month from hunger and disease.
In theory, complete lifting of sanctions will only come when a UN special commission verifies Iraq has no more weapons of mass destruction, but the US is likely to oppose this, to prevent Iraq regaining its previous economic and political strength.
The oil price dipped slightly on news of the Iraqi exports but world demand is expected to be strong enough to support the 580,000 barrels a day it will ship. Before the invasion of Kuwait, Baghdad exported three million a day. The first crude pumped is to be bought by Turkey.
Some $1.32bn of each $2bn from sales will go for humanitarian supplies, including $260m for goods for Iraqi Kurdistan. It is unclear how this will be distributed, as Kurdistan is divided between Massoud Barzani's Kurdistan Democratic Party and Jalal Talabani's Patriotic Union of Kurdistan, which have just fought a civil war.
newsFormer soldier taped 33 of the animals to the floor and then stamped on them one by one
Michelle Nijhuis' daughter insists (s)he is, and she learnt a valuable lesson on gender in books
Geoffrey Macnab reviews American Hustle, also starring Christian Bale and Bradley Cooper
news Opponents claim it would stop performers such as Beyonce and Madonna appearing on TV
It takes a platoon of chefs, litres of brandy and rum, and almost 100kg of dried fruit
Sun will 'flip upside down' within weeks, says Nasa
Lee Rigby murder: How killers Michael Adebolajo and Michael Adebowale became ultra-violent radicals
Cycle death inquest: Boyfriend hugs driver of 32 tonne tipper truck that killed his girlfriend
Paul Walker death caused by speed alone
Apollo Theatre collapse: Scores injured after ceiling collapses in London's West End
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Tom Daley ‘is gay because his father died’ says UK evangelist
Iain Duncan Smith leaves Commons food banks debate early
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
PM denies two child limit for benefits is part of Tory welfare policy
Anachronistic and iniquitous, grammar schools are a blot on the British education system
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 North Koreans are gasping for the truth: Let's give it to them
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 Christmas comes early: Justin Bieber is 'retiring from music'
- 5 Cycle death inquest: Boyfriend hugs driver of 32 tonne tipper truck that killed his girlfriend
- < Previous
- Next >
Negotiable: Capita Education Resourcing Permanent Team: HoD Maths Salary: MP...
£600 - £700 per day: Harrington Starr: Client based in West London is looking ...
Negotiable: Capita Education Resourcing Permanent Team: Teacher of English MP...
Negotiable: Capita Education Resourcing Permanent Team: Teacher of Yr6 Gillin...