posted on Dec, 16 2004 @ 10:48 AM
Iraq's Oil Ministry has awarded the first oil field contracts, post war, to Canada and Turkey. The contracts will be for construction of new pipeline
and building gas separation stations. Unlike post election contracts that will probably be negoiated, the current contractors will not remain as
operators of the sites they contruct.
BAGHDAD (Reuters) - Iraq's oil ministry has awarded the country's first post-war oilfield development contracts to Turkish and Canadian firms, an oil
official said on Thursday.
Turkey's Everasia won the contract to develop the Khurmala Dome field in the north, said the official who declined to be named.
A Canadian firm named IOG will develop the Himrin field, the official added. Canada's Ironhorse Oil and Gas Inc denied that it was the company in
If approved by the cabinet, the agreements will be the first oil deals with foreign firms Iraq has struck since the end of Saddam Hussein's rule.
Please visit the link provided for the complete story.
Two things come to mind with this story. The first is "Is this a sign of things to come for the Iraqi oil fields?" I'm wondering if there will be
more international involvment in the oil production and sales of oil world-wide. If this is the case could it help, even in a small way, ease some of
the tention aimed at the U.S. that their war in Iraq is indeed just for oil.
The second thing that comes to mind is, "Is this simply a smoke-screen to try to lessen the anger at the U.S.?" I can see how the U.S. would want to
deflect some of the ire felt by much of the world that the U.S. is only there for the war. The U.S. could have the Iraqi's award the first dozen or so
contracts to other countries as a show of capitulation but in reality be waiting for the big oil fields to open up.
My thought is that is a little of both. I think the U.S. is honestly trying to allow the Iraqi government an opportunity to act on their own and make
their own decisions. By awarding contracts to countries other than the U.S. the Iraqi's are trying to show that they are independent and will make
their own decisions. I also think the U.S. is "guiding" the Iraqi's away from U.S. money to start with to show that it isn't strong-arming itself from
the beginning. This will be interesting to see how it plays out.