UNITED NATIONS (AFX) – The US should not count on oil receipts to finance the near term reconstruction of Iraq, the head of the UN development agency Mark Malloch-Brown said. Oil companies need long-term contracts before they will invest, the UN Development Programme administrator told journalists. “Geneva conventions allow (the) occupying power only day-to-day management,”…
IRAQ: Oil monies may not finance near-term reconstruction – UN agency
Posted on April 9, 2003 by EnergyAsia