exports of have been approved for the second 90-day period of the sale, which allows Iraq to sell up to $1 billion worth of oil every 90 days for an initial 6-month period. In mid-December 1996, Iraq restarted the Kirkuk–Ceyhan pipeline, which is expected to carry up to of oil under the sales agreements approved so far under U.N. Resolution 986. Iraq's remaining oil exports will flow through the Mina al-Bakr terminal. (NYT, DJ) References Sources Energy Information Administration: Chronology of World Oil Market Events Commodity Research Bureaau. The CRB Commodity Yearbook 1996, Wiley & Sons, Hoboken, 1996. |- | width="30%" align="center" | previous year:1995 world oil market chronology | width="40%" align="center" | This article is part of theChronology of world oil market events (1970-2005) | width="30%" align="center" | following year:1997 world oil market chronology |- Oil market timelines World oil market chronology World Oil Market Chronology, 1996