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Iraq's cabinet has ratified a deal with two foreign energy companies to develop the giant southern oilfield in Rumaila.
The contract with Britain's BP and CNPC of China is the first major deal with foreign firms to be signed since an international auction in June.
The British company will hold a 38% stake in the venture, compared to CNPC's 37% share, while Iraq's State Oil Marketing Organization will control the remaining 25%, the Associated Press reported.
The fields up for auction in June contained about 43bn barrels of Iraq's proven oil reserves of 115bn barrels.
The contract with Britain's BP and CNPC of China is the first major deal with foreign firms to be signed since an international auction in June.
Originally posted by Gools
I think you people are very very confused.
BP was thrown out of Iraq in 1972 when Saddam Hussein nationalized the oil industry.
And now they're back.
What's so hard to understand about that?
Some readin' for you.
.
Oil? We are there for the sake of freedom, and it is unpatriotic to believe anything else.
Originally posted by randyvs
Oil? We are there for the sake of freedom, and it is unpatriotic to believe anything else.
I really don't buy either one.I think some how it involves the extermination of certain bloodlines. This is why we are hearing stories
of absolute atrocities our boys are being ordered to carry out.
As an ex. only, certain villages they are ordered to kill everything that
is breathing. Why not say it I'm not shy. Genocide.
"The real reason the Bush administration wants a puppet government in Iraq -- or more importantly, the reason why the corporate-military-industrial network conglomerate wants a puppet government in Iraq -- is so that it will revert back to a dollar standard (for OPEC international transactions) and stay that way."
The demise of the dollar:
In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading.
Originally posted by LadySkadi
reply to post by PrisonerOfSociety
No, not serious
Originally posted by randyvs
Oil? We are there for the sake of freedom, and it is unpatriotic to believe anything else.
I really don't buy either one.I think some how it involves the extermination of certain bloodlines. This is why we are hearing stories
of absolute atrocities our boys are being ordered to carry out.
As an ex. only, certain villages they are ordered to kill everything that
is breathing. Why not say it I'm not shy. Genocide.
reply to post by randyvs
That's a new one to me though, I've never heard anything about the possibility of exterminating blood lines... That's a whole new level... Who do you think wants this? US govt.? Iraq govt.? some other organization? Any thoughts as to which bloodlines and what the background is behind this?
[edit on 17-10-2009 by LadySkadi]
Originally posted by manxman2
never heard so much garbbage from so few.
the truth is exactly 9% of iraqs reserves have been allocated to non american companies.
up until 2005 american vice president and ex president bushes company haliburton had already extorted 30 billion.
“Halliburton has already raked in more than $30 billion from the Bush-Cheney Administration for work in Iraq, and they were awarded some of the first Katrina contracts," Lautenberg said in a statement. "It is unseemly for the Vice President to continue to benefit from this company at the same time his Administration funnels billions of dollars to it. The Vice President should sever his financial ties to Halliburton once and for all.”
Cheney continues to hold 433,333 Halliburton stock options. The company has been criticized by auditors for its handling of a no-bid contact in Iraq. Auditors found the firm marked up meal prices for troops and inflated gas prices in a deal with a Kuwaiti supplier. The company built the American prison at Guantanamo Bay.
However, the Congressional Research Service (CRS) concluded in Sept. 2003 that holding stock options while in elective office does constitute a “financial interest” regardless of whether the holder of the options will donate proceeds to charities. CRS also found that receiving deferred compensation is a financial interest.
Cheney told "Meet the Press" in 2003 that he didn't have any financial ties to the firm.
“Since I left Halliburton to become George Bush's vice president, I've severed all my ties with the company, gotten rid of all my financial interest," the Vice President said. "I have no financial interest in Halliburton of any kind and haven't had, now, for over three years.”
Cheney continues to received a deferred salary from the company. According to financial disclosure forms, he was paid $205,298 in 2001; $262,392 in 2002; $278,437 in 2003; and $294,852 in 2004.
this is just another look at me look at me thread from some comedian who just wants to stir the shiit.