U.N. Weighs Iraqi Oil Limits
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UNITED NATIONS — U.N. Secretary-General Kofi Annan on Monday asked the Security Council to consider increasing the amount of oil Iraq can sell to raise money for food and medicine, though he did not recommend a specific increase in oil exports.
U.N. officials said they urged him to double the $2 billion worth of oil Iraq now can export every six months, but he backed off on figures at the request of the United States.
Two-thirds of the oil revenue Iraq receives goes to buy humanitarian goods. The rest pays reparations to Kuwaiti victims of the 1991 Persian Gulf War and to finance U.N. weapons inspections in Iraq.
The U.N. Security Council is expected to take up Annan’s report on Wednesday.
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