111. Saleh confirmed reports that Iraq could have trouble producing and exporting oil at the higher rate recommended by Annan. 112. Soba said the balance of trade between Tehran and Nairobi was overwhelmingly in favor of Iran, which exports oil, paraffin wax and textile materials to Kenya. 113. Some diplomats have said Iraq could begin exporting oil as early as the second quarter of this year if the talks end quickly. 114. The Azerbaijani state oil company, SOCAR, was to have begun exporting oil to Russia from a smaller field on Wednesday through the same pipeline. 115. The allegations are illogical, he said, arguing that the government was waging its military campaign long before it began exporting oil. 116. The diplomat said the selection of the bank was just one of six issues left for the U.N to resolve before oil can be exported from Iraq. 117. The delay in the approval of the contracts has prevented Iraq from exporting enough oil needed to raise its revenues, Saleh said at a news conference. 118. The country has one of the largest oil reserves and is building a pipeline through Russia to export the oil. 119. The diplomat said the selection of the bank is just one of six remaining issues to be resolved before oil can be exported from Iraq. 120. The draft resolution notes that Iraq did not export oil until mid-August. |