- The Washington Times - Thursday, July 5, 2001

UNITED NATIONS Iraq has accepted the terms of a new Security Council resolution extending the U.N. oil-for-food program in Iraq and will resume its oil exports shortly, Iraq's ambassador to the United Nations said today.
Iraq halted exports on June 4 to protest a U.S.-British proposal to overhaul sanctions imposed on the oil-rich nation after it invaded Kuwait in 1990.
"Everything will be normalized," Iraqi ambassador Mohammed al-Douri said before signing a memorandum of understanding with U.N. Secretary-General Kofi Annan on extending the oil-for-food program for an additional five months.
Mr. al-Douri indicated that it was only a technical matter before Iraq restores its oil exports to a normal level of about 2 million barrels a day.
Facing a veto by Russia Iraq's key ally on the Security Council Britain and the United States dropped their sanctions proposal on Tuesday and instead supported a simple extension of the oil-for-food program, something Baghdad had demanded before it would restart its oil exports.
Created in 1996 as an exemption to sanctions against Iraq, the program allows Iraq to export unlimited amounts of oil to purchase food, medicine and other essentials and pay war reparations.

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