This paper discusses the work "Oil for What? Illicit Iraqi Oil Contracts and the UN Security Council" by P. Heaton.
Written in 2007; 1,483 words; 1 sources; APA; $ 49.95
Paper Summary:
In this article, Heaton's work, the United Nation's Iraqi Oil-For-Food program and its suspected illicit dealings, are investigated. The writer points out that over a 6 1/2 year period, beginning in 1996, more than 1,300 oil contracts were issued, with the intended purpose of humanitarian relief for the Iraqi people. However, the writer shows that many have questioned whether all of the money transferred during contract issuance through oil extraction went to the humanitarian aid for which it was originally intended. The writer discusses that Heaton looks to answer the economic question of whether or not Saddam Hussein utilized these contracts to line his personal coffers, as well for the purchase of weapons.
From the Paper:
"This is an important question that needs to be answered for two reasons. First, the United Nations needs to understand not only where their Oil-For-Food program went right, but also where it went wrong. The idea behind the program is a sound one. It allows the U.N. to economically sanction a country, punishing its leaders, but still be compassionate to the general populace that have little to no choice in their country's matters. However, as this work demonstrates, if there are loopholes in the program, and the details are not sufficiently considered, the punishments, meant by the economic sanctions, will barely be felt by those in power. And, in fact, despite rules to the contrary, sanctioned countries cannot only acquire the hard currency they desire, but also weapons as well, circumventing restrictions. The article implies that Hussein was able to offer oil contracts significantly below market value, in exchange for kickbacks, which were given when the contracts were resold to other individuals or organizations, to actually extract the oil, closer to market price."
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