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The Oil-for-Food Programme (OIP) was established by the United Nations in 1995 (under UN Security Council Resolution 986) [1] to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military capabilities.
Endemic corruption pervades Iraq's oil and gas sectors, which still accounts for more than 99 percent of the country's exports and 85 percent of the government's budget. [2] The Iraqi economy is predominantly a cash economy, making it almost impossible to trace the amount or the path the money follows. [3]
The AWB oil-for-wheat scandal (also known just as the AWB scandal) refers to the payment of kickbacks to the regime of Iraqi president Saddam Hussein in contravention of the United Nations Oil-for-Food Humanitarian Programme. AWB Limited is a major grain marketing organisation based in Australia.
Hanoun said those involved in the corruption for whom he was demanding Red Notices had taken a share of no less than 100 billion Iraqi dinars ($77 million). More than 48 people were suspected of ...
Iraq is an OPEC member with some of the world's largest oil reserves. But its electricity grid has suffered from decades of mismanagement and damage from various conflicts.
Michael falls in love with Nashim, a UN worker in Baghdad who reveals aspects of the corruption to Michael, while she covertly works to advance the cause of her own people, the Kurds of northern Iraq. Pasha tries to teach Michael about the realities of diplomacy in a world filled with corruption, highlighting that $60 billion does make it into ...
The Oil-for-Food Program Hearings were held by the U.S Senate Permanent Subcommittee on Investigations beginning in 2004 to investigate abuses of the United Nations (UN) Oil-for-Food Programme in which the economically sanctioned country of Iraq was intended to be able to sell limited amounts of oil in exchange for vital food and medicine for its population.
Iraq was cut off from a large portion of its military supplies with the fall of Mosul, Iraq's second-largest city, last June. Low oil prices are only making rebuilding it and paying new soldiers ...