The U.N.: oil safeguard?

The U.N.: oil safeguard?The United Nations, busy rebuilding the Iraqi oil industry, now plays safeguard to the recovering oil market it helped destroy. Its influence in the oil industry since 1996 has been surreal.The U.N.'s oil-for-food program helped wreck the oil market in 1997-98. Implemented in May 1996, the program allows export of Iraqi oil despite U.N. sanctions imposed in response to the invasion of Kuwait in 1990. Proceeds, administered by the U.N., go mostly to the purchase of food and medical support for Iraqis.The agency set a revenue limit on the exports, which it more than doubled to $5.2 billion every 180 days in February 1998. The increase, a diplomatic gesture, was w...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected