VOL. XLVI
No 25
23-June-2003
IRAQ
US Considering Plan To Mortgage Iraqi Oil Revenue For Reconstruction, Says WSJ
The US government is considering a plan to pay for Iraqs reconstruction by mortgaging the countrys future oil revenue, according to a Wall Street Journal report of 19 June. The proposal, which could involve issuing securities or trade credits backed by projected oil revenue, is supported by the two US companies with reconstruction contracts in Iraq, Halliburton and Bechtel, the report...
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