41. In many cases, such as Nigeria, oil revenue has simply disappeared into the overseas bank accounts of dictators and their cronies. 42. In participation contracts, the state participates in the oil revenue and companies pay a lower tax rate. 43. In June, Iraq halted exports for two months protesting U.N. delays in approving shipments of food and medicine purchased with oil revenue. 44. In the face of a global economic boycott, the Libyan government is launching an ambitious tourism promotion plan to offset dwindling oil revenues and its poor image abroad. 45. Increased oil revenue has given President Rafael Caldera more leeway in its policy considerations, Hanke said. 46. Iraq halted oil shipments to protest delays in approving contracts for the purchase of food and medicine with oil revenue. 47. Iraqi VX nerve gas and Iranian medium-range missiles show how such regimes can convert oil revenues into extensive and sophisticated armament programs. 48. Iraq has suspended oil sales authorized this month by the U.N. to protest delays in delivering humanitarian aid paid for with oil revenue. 49. Iraq is expected to submit a final plan to the United Nations early next week for distributing humanitarian aid purchased with oil revenue, a U.N. spokeswoman said. 50. Iraq owes the Russians billions, which they hopes to recoup from Iraqi oil revenues, while France also sees the possibility of lucrative deals with Baghdad. |