Bush says cannot count on Iraqi oil revenues

WASHINGTON - Despite prewar assurances by the White House, President George W. Bush acknowledged on Friday that the US cannot count on Iraqi oil revenues in the short-term to cover the country's reconstruction needs. Bush, in an interview with CNBC, said he would "look at" one congressional proposal under which Washington would be paid back with future Iraqi oil revenues.

By (REUTERS)

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Published: Sun 7 Sep 2003, 12:43 PM

Last updated: Wed 1 Apr 2015, 9:46 PM

The administration is putting together a spending package for postwar Iraq expected to total about $65 billion.


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