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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tomas who wrote (56027)12/4/1999 10:49:00 AM
From: Tomas  Read Replies (2) of 95453
 
Every day another 2 million+ barrels are off the market - Iraq's return to oil market several weeks away

"Saeed Hasan, Iraq's ambassador to the U.N., said Iraq would not begin the preliminary work necessary to ship oil -- signing contracts with oil companies, submitting a monthly pricing plan to the United Nations, and ramping up production -- until after the Security Council approves a full six-month phase of the programme.

Hasan said this means that Iraq would not begin shipping oil until at least two weeks after any Security Council vote to extend the programme for six months."

Full story: biz.yahoo.com
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