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  • US Suggests Honoring Past Iraq Oil, Food Contracts (UN Food for Oil)

    05/02/2003 2:25:54 PM PDT · by Shermy · 45 replies · 192+ views
    Reuters ^ | May 2, 2003
    UNITED NATIONS (Reuters) - In a move to win allies, the United States is considering honoring contracts made by Saddam Hussein's government under the U.N. oil-for-food program if the Security Council lifts sanctions against Iraq, diplomats said on Friday. The proposal was made by U.S. Ambassador John Negroponte during a meeting of council members and U.N. Secretary-General Kofi Annan on Thursday and reported by several participants in the session. It would reimburse firms whose contracts had been approved and funded under the multibillion dollar program. Negroponte said a final decision had not been made. However, his comments indicated serious consideration...