Oil matters ... The oil proceeds were, and still are, under the total control of the occupation

"The oil proceeds were, and still are, under the total control of the occupation. The details thereof are not clearly known since they are surrounded by mystery.

The report issued by the General Accounting Office points out that contracts, amounting to billions of dollars, were spent out of the Iraqi Development Fund, without being reviewed by any independent party. The committee affiliated to the Senates' Council also stated that the 20 billion dollars of the Iraqi funds that were spent one week before the transfer of the authority to the Iraqis "were described as waste, fraud, and abuse".

After handing out the authority to the temporary Iraqi Council of Governance on 28/6/2004, it is unknown yet who is the authority the US relies on in spending the Iraqi funds, distributing and approving contracts! (emphasis added) The official US spokesperson in Baghdad says, "resuming funds allocation has been agreed upon by the dissolved coalition authority and the Iraqi officials."!"