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DATE=3/31/2000 TYPE=CORRESPONDENT REPORT TITLE=U-N IRAQ OIL (L ONLY) NUMBER=2-260811 BYLINE=BRECK ARDERY DATELINE=UNITED NATIONS CONTENT= VOICED AT: INTRO: The United Nations Security Council (today/Friday) has approved a resolution authorizing sanction-burdened Iraq to double the amount it can spend for oil industry equipment. VOA Correspondent Breck Ardery reports from the United Nations. TEXT: In a meeting lasting less than three minutes, the Security Council unanimously approved the Iraq resolution which was sponsored by the United States. The resolution allows Iraq to double, from 300- million dollars to 600-million dollars, the amount of money it can spend on its oil industry every six months. Under the U-N oil-for-food program, Iraq is allowed to sell an unlimited amount of oil to raise money for food and other humanitarian supplies. However, a recent report from U-N Secretary-General Kofi Annan noted that Iraq's oil industry is desperately in need of spare parts and other equipment. After the resolution was approved, Britain's U-N ambassador Jeremy Greenstock told reporters he hopes that increased spending on oil equipment in Iraq will have the desired effect. /// GREENSTOCK ACT /// This will bring significant new revenue into the oil-for-food program in Iraq and we hope the Iraqi government will bring it straight to meet the needs of the Iraqi people. Food, medicine and agricultural supplies are badly needed and are not getting through quickly enough. /// END ACT /// During a Security Council discussion of the Iraq program last week, the United States charged that the Iraqi government has been slow to distribute relief supplies and, in some cases, even re-exported them. However, some nations were critical of the United States for blocking certain shipments to Iraq - shipments the United States says contain items that could be used for weapons or shipments for which there is no information on what they contain. The United States says it is streamlining its review program so that shipments containing purely civilian items can arrive sooner. (Signed) NEB/UN/BA/LSF/JO 31-Mar-2000 12:27 PM EDT (31-Mar-2000 1727 UTC) NNNN Source: Voice of America .