Role of oil revenue for reconstruction remains unresolved

The United Nations and the US are expected to continue negotiating over the next few weeks possible updates to the UN's Iraq oil-for-aid humanitarian program, industry and diplomatic sources said Apr. 23. In the short term at least, the country or organization that controls future oil revenues will also play a decisive role in Iraq's political and physical reconstruction.The 7-year-old UN oil-for-aid program is currently the only legal mechanism to export Iraqi oil. It expires June 3.US officials are hoping to resolve legal issues before that time. But resistance from some UN.Security Council members, most strenuously from Russia, could delay oil exports until summer. Negotiations...

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