111. Iranian officials said that the yearlong ceiling would prevent Saudi Arabia from using spare capacity to pump more oil in the second half of the year. 112. Iraq began pumping oil in December and Iraqi officials have said they hope to be able to boost food rations in April. 113. Iraq is ready to start pumping oil as soon as the United Nations approves an oil-for-food deal. 114. Iraq is refusing to pump oil until the contracts issue is resolved and a new U.N. food distribution program is worked out. 115. It could also encourage non-OPEC producers to pump more oil and create the risk of a glut in supply and a crash in prices. 116. It expects to start pumping oil in about four years. 117. It has blamed the United States and Britain for holding up the process, and has refused to pump oil until its food plan was approved. 118. Iraq began pumping the oil in December. 119. Iraq did not start pumping oil until mid-August. 120. Iraq ready to start pumping oil as soon as the United Nations approves an oil-for-food deal. |