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[casi] Iraq oil ownership?



http://www.washingtonpost.com/ac2/wp-dyn/A15368-2003Apr2?language=printer
U.S., Allies Clash Over Plan to Use Iraqi Oil Profits for Rebuilding


[......]  U.N. and British officials said the United States lacks the legal
authority to begin exporting oil even on an interim basis without a new
Security Council mandate. Iraq's oil sales before the war were controlled by
the United Nations under its oil-for-food program.

"We're moving into a legal realm that is not clear," said Jan Randolph, head
of economic forecasting at the World Markets Research Center in London. "The
impression we're getting is that because the Americans are largely bearing
the [war] costs, they will want to determine what happens next."

David L. Goldwyn, president of Goldwyn International Strategies, said: "I
don't believe that the U.S. has the legal power under international law to
seize and sell Iraq's oil absent a new Security Council resolution."
Goldwyn, who was assistant secretary of energy in the Clinton
administration, added: "It is extremely doubtful any reputable oil company
will purchase oil without clear title." But some industry officials said oil
companies might be willing to buy Iraq oil if purchases were guaranteed by
the United States. [......]




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