Iraqi government fuels 'war for oil' theories by putting reserves up for biggest ever sale·
Posted October 13th, 2008 by StaxBrix
output
BP, Shell and Exxon in meeting with minister
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Unprecedented 40bn barrels up for grabsTerry Macalister and Nicholas Watt The Guardian, Monday October 13 2008 Article historyThe biggest ever sale of oil assets will take place today, when the Iraqi government puts 40bn barrels of recoverable reserves up for offer in London.
BP, Shell and ExxonMobil are all expected to attend a meeting at the Park Lane Hotel in Mayfair with the Iraqi oil minister, Hussein al-Shahristani.
Access is being given to eight fields, representing about 40% of the Middle Eastern nation's reserves, at a time when the country remains under occupation by US and British forces.
Two smaller agreements have already been signed with Shell and the China National Petroleum Corporation, but today's sale will ignite arguments over whether the overthrow of Saddam Hussein was a "war for oil" that is now to be consummated by western multinationals seizing control of strategic Iraqi reserves.
Al-Shahristani is expected to reveal some kind of "risk service agreements" that could run for up to 20 years, with formal offers to be submitted by next spring and agreements signed in the summer.
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I suspect
this is why we are not pumping our own oil, it has been sold too. Or used as callateral for the loans.
They OWE us?
For what?? Destroying their country? "Liberating" them?? The decade of sanctions against them?? What in the world could the Iraqi people possibly owe us?
The Iraqi people owe us nothing!
We owe it to them to get out of their country, stop bombing them, and never impose economic sanctions on them again. And I'm pretty sure that in RP's view, they'd be able to SUE the shit out of us for what we've (we being the US Gov.) done to them.
Dan
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(Better) to be confused in the search for truth than fully confident and sound asleep in a dream of lies.
-Michael Nystrom
And that's just the way it is
....
Wouldn't you figure they owe US....
does anyone know how much of this war they have paid for? As I remember, when we first went in, the Pres. said it won't cost us much because of the Iraqi's oil revenue. Hmmmmmmm?
IT'S DOABLE
Yeah, I remember that. The
Yeah, I remember that. The gov said that oil would be used to pay for the rebuilding of Iraq.