VOL. XLVI

No 4

27-January-2003

IRAQ

US Would Hold Iraqi Oil In Trust For Iraqi People After Regime Change

The US would hold Iraqi oil in trust for the people of that country in the event of an American-led regime change in Baghdad, according to Secretary of State Colin Powell on 21 January. If there is a conflict with Iraq and we and the leadership of the coalition take control of Iraq, the oil of Iraq belongs to the Iraqi people, he said. And whatever form of custodianship there is it will be...