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March 27, 2003: Deputy Secreatry of State Armitage Says Iraqi Oil Money Will Be Significant

2003-03-27

Deputy Secretary of State Richard Armitage tells the House Committee on Appropriations during a hearing on a supplemental war regulation: “This is not Afghanistan… When we approach the question of Iraq, we realize here is a country which has a resource. And it’s obvious, it’s oil. And it can bring in and does bring in a certain amount of revenue each year… $10, $15, even $18 billion… this is not a broke country.” [US Congress, 9/30/2003]