Shift in humanitarian aid to Iraq points to its oil sector recovery

The United Nations Security Council committee overseeing the post-Persian Gulf War sanctions against Iraq earlier this month released more contracts under the oil-for-humanitarian aid program than it has placed on hold, reversing a long-standing trend, according to the Office of the Iraq Program.The total value of contracts placed on hold by the Security Council's sanctions committee fell the week of Apr. 30, both in absolute and relative terms, "after months of gradual increase," OIP said last week.Those contracts cover goods purchased by Iraq with a portion of its UN-administered oil revenues. Because much of the goods are targeted for rehabilitating Iraq's war-ravaged oil secto...

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