Russia’s OAO GAZ has sent its first shipment of 250 Volga 3110 cars to Iraq. A total of 436 Volgas will be exported to Iraq by the end of 2003, a company spokesman says. GAZ expects to complete delivery of 5,000 cars, worth €44 million ($54 million), in first-quarter 2004. Originally, GAZ signed an agreement with Iraq’s Ministry of Trade in 2001, as part of the United Nations’ “oil for food” program. GAZ’s current partner is the Ministry of Transport and Communication. The cars, which ...
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