Internationalnergy Weekly
l.rn PtrrloprJ Cwiilriri
Seeklni Financial fttlirf
Prune Mlniiicr Azti viiited Para thli month lo requatfrom France for arms purefuted tarHer
lait racalh also viiited Moscow, in pan to arrange eaii-
cr terms on weapons ccairaeis. To minimise reduetlora of civilian imports, Irac. has delayed payuwmside variety of ewoosilc projects already under way. Iran now requires firms bidding co contracts to offer crediifcrcqoisite for new orders. Mow esponcri probably will go along wilh Iraq's payment deferrals In the hope that Iraq's economic situation cvtimaHy will improve and becauseot irrach ibey can do to force paymcoLp
Iraq can do tittle now to augment iu foriigti exchange earnings. Because of the eiowre of the pipeline through Syria last April, oil revenocs will be even lower ihii year ihnn hit Iraq') foreign exchange rcwrveiplummeted from
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