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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (79719)	11/22/2000 10:10:05 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

George, I agree. Ten-foot-tall and bullet proof, still. The most important machine of the 21st Century (at least the part of that century that we will enjoying living in) - The Drilling Rig big

To: Crimson Ghost who wrote (79719)	11/22/2000 10:16:24 AM
From: excardog	Respond to of 95453

Iraq continues to push the envelope: 11/22/2000 - Wednesday - Page A 14 Iraq Sends Oil to Syria Illegally Reuters Dubai-Apparently in an effort to skirt decade-old United Nations sanctions, Iraq has begun pumping oil through a pipeline to Syria without waiting for UN Security Council approval. A Syrian oil official in Damascus said Iraq started pumping crude through the line, not used since 1982, last Thursday and was pumping about 150,000 barrels a day. At the UN, spokesman Fred Eckhard said officials with the UN humanitarian program that supervises Iraqi oil flows were contacting both Iraqi and Syrian envoys to ask about the unauthorized oil flow. He noted that under the oil-for-food UN-Iraq humanitarian program, Iraqi oil flows were authorized only through its pipeline to Ceyhan, Turkey, and its port at Mina al-Bakr. Eckhard said the UN was also waiting to hear whether Iraq or Syria was going to have the money from the oil sales go through the UN program. Under sanctions regulations, Iraq can sell as much crude as it likes, with oil customers paying into a UN escrow account. The revenue is then used to buy food, medicine and many other supplies to alleviate the impact of the sanctions, imposed after Iraq invaded Kuwait in August, 1990. An estimated $16.5 billion this year will be funneled through the UN program, the bulk of Iraq's exports. With oil prices rising, Baghdad recently has been proposing measures to control at least some of the oil monies. The United States and Britain, too, appear to have been caught by surprise. Discussions with U.S. officials in Damascus last week had led Washington to believe that Syria would ensure payments were made through legal UN channels. In Washington, a State Department official, speaking on condition of anonymity, said, "We have made it known to the Syrians that opening the pipeline without the approval of the UN Security Council would not be in accordance with UN Security Council resolutions." In London, Britain urged Syria to ensure that its Iraqi crude purchases were made legal under the terms of the UN program. "We need to see the pipeline open as a legal UN outlet under the oil-for-food program," said a Foreign Office spokesman. "This is an illegal contravention of sanctions. We are urging the Syrians that the sales be made legal under oil-for-food," he said.