Iraq.On 28 September, the Governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. of the United Nations Compensation Commission (UNCC UNCC University of North Carolina Charlotte UNCC United Nations Compensation Commission UNCC Utility Notification Center of Colorado ) agreed to reduce to 25 per cent the funds received by UNCC from the sale of Iraqi oil. Presently, it receives 30 per cent of the revenue from the export of Iraqi petroleum. The new arrangement would allow the 5-per cent difference to be used for humanitarian programmes. The change will take effect when the next phase of the oil-for-food programme The Oil-for-Food Programme, established by the United Nations in 1995 (under UN Security Council Resolution 986) and terminated in late 2003, was intended to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi begins December. |
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