Delta
05-22-2003, 11:40 AM
U.S. and "Britain" controls Iraq for all 100%.
Oil for Food program runs.
U.S.A. Laughs its ass off. at other countries who opposed the Uncle Sam!
The immediate impact of the new U.N. resolution on post-war Iraq
A look at some of the steps that will soon follow under the resolution on post-war Iraq approved Thursday by the U.N. Security Council. The resolution lifts sanctions that were imposed on Iraq after its 1990 invasion of Kuwait and authorizes Britain and the United States to run Iraq:
* The flow of oil exports will resume. There are 8 million barrels of Iraqi oil in storage points at the Turkish port of Ceyhan, one of Iraq's two export terminals, that can be sold immediately, diplomats said.
* U.N. Secretary-General Kofi Annan will appoint a special representative to work with U.S. and British administrators in running Iraq. Speculation for Annan's choice centered on U.N. High Commissioner for Human Rights, Sergio Vieira de Mello of Brazil, who has Washington's support.
* The United States and Britain will take charge of a new Iraqi Development Fund, based at the Central Bank in Baghdad, controlling Iraqi oil revenues for use in rebuilding the country. The United Nations and other international bodies will monitor and audit the fund. It will get a $1 billion deposit, transferred from the U.N. oil-for-food account, as well as frozen Iraqi assets around the world which are required to be turned over by governments.
* The oil-for-food program will be phased out over the next six months. Annan will review $10 billion worth of contracts existing under the program to decide whether they are still needed. These contracts, many of them with Russian companies, range from food and medicine to plumbing and sanitation equipment, oil spare parts, and trucks.
* The resolution grants immunity from lawsuits involving future oil and natural gas sales until Dec. 31, 2007, to allow Iraq temporary relief from paying its estimated $400 billion debt and time to restructure the debt.
Source (http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/05/22/international1307EDT0646.DTL) 8)
Oil for Food program runs.
U.S.A. Laughs its ass off. at other countries who opposed the Uncle Sam!
The immediate impact of the new U.N. resolution on post-war Iraq
A look at some of the steps that will soon follow under the resolution on post-war Iraq approved Thursday by the U.N. Security Council. The resolution lifts sanctions that were imposed on Iraq after its 1990 invasion of Kuwait and authorizes Britain and the United States to run Iraq:
* The flow of oil exports will resume. There are 8 million barrels of Iraqi oil in storage points at the Turkish port of Ceyhan, one of Iraq's two export terminals, that can be sold immediately, diplomats said.
* U.N. Secretary-General Kofi Annan will appoint a special representative to work with U.S. and British administrators in running Iraq. Speculation for Annan's choice centered on U.N. High Commissioner for Human Rights, Sergio Vieira de Mello of Brazil, who has Washington's support.
* The United States and Britain will take charge of a new Iraqi Development Fund, based at the Central Bank in Baghdad, controlling Iraqi oil revenues for use in rebuilding the country. The United Nations and other international bodies will monitor and audit the fund. It will get a $1 billion deposit, transferred from the U.N. oil-for-food account, as well as frozen Iraqi assets around the world which are required to be turned over by governments.
* The oil-for-food program will be phased out over the next six months. Annan will review $10 billion worth of contracts existing under the program to decide whether they are still needed. These contracts, many of them with Russian companies, range from food and medicine to plumbing and sanitation equipment, oil spare parts, and trucks.
* The resolution grants immunity from lawsuits involving future oil and natural gas sales until Dec. 31, 2007, to allow Iraq temporary relief from paying its estimated $400 billion debt and time to restructure the debt.
Source (http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/05/22/international1307EDT0646.DTL) 8)