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May 16, 2005 

Senate Issues Iraq Oil-for-Food Reports

As reported in today's Washington Post, the Senate Permanent Subcommittee on Investigations has released three reports in advance of tomorrow's hearing on the manipulation of the U.N.'s Iraq Oil-for-Food Program. The reports detail how Iraq manipulated the Oil-for-Food Program to win influence and reward foreign officials with lucrative oil allocations that could be converted to money. The reports also examine the illegal surcharges paid on Iraqi oil sales, using examples involving the recently indicted U.S. company, Bayoil. The three reports can be viewed at the following link and scrolling down to "Related Files":
hsgac.senate.gov/index.cfm?Fuseaction=Subcommittees.
Home&SubcommitteeID=11&Initials=PSI

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