31.   The U.N. is approving contracts for purchases of Iraqi oil after adopting a pricing formula Friday that cleared the way for the resumption of exports.

32.   The U.N. still needs to approve an oil pricing formula, though Iraq already has said it would submit that as soon as the aid plan was approved.

33.   They asked the federal government to eliminate the National Cheese Exchange from the pricing formula.

34.   To improve market confidence, the report said there should be disclosure of all prices paid by packers for livestock, including premiums, discounts and pricing formulas.

35.   Traders expect U.N. ratification of the pricing formula will take place this week, removing the final obstacle to a resumption of Iraqi oil exports.

36.   Ueki said that U.N. Secretary-General Boutros Boutros-Ghali is ready to submit his report to the sanctions committee on the pricing formula.

37.   At the same time, Iraqi and U.N. oil experts were trying to reach agreement on a pricing formula which would enable Iraq to resume oil shipments.

38.   But Hasan said Iraq would not resume oil exports until Iraq and the United Nations officials agreed on a pricing formula for December shipments.

39.   But the formal approval of the pricing formula was still required before sales could resume.

40.   If a pricing formula agreed by the two companies pushes the value below that minimum level, either party can call off the deal.