Iraq Opens Up to Foreign Oil Majors

www.businessweek.com...

(Bloomberg) -- BP Plc and Exxon Mobil Corp. took the best deal they could get in Iraq last year when they won the largest oil contracts since addam Hussein was toppled in 2003. Oil companies may wait a long time to get a better one.

Parliamentary elections may produce a weak or unstable government incapable of tendering new oil contracts, said Samuel Ciszuk, a London-based analyst at IHS Global Insight. He said he does expect the 10 technical-services contracts won by Exxon, BP and 20 other companies to be honored.

"One thing that's fairly certain is there won't be a strong coalition, so it may take time for the next government to get its act together," Ciszuk said in a telephone interview.

"Bottlenecks could hold up production increases" if no government forms by June.

Western producers haven't had access to oil fields in southern Iraq since 1972, when the country nationalized production including concessions owned by the companies now known as BP, Royal Dutch Shell Plc and Exxon.

Imagine that! I think we knew all along that this war was about blood for oil, not about getting rid of Saddam, or bringing liberty and freedom to the Iraqi's. Who will ultimately benefit from this war? Follow the money!!
Chumps!

[edit on 5-3-2010 by whaaa]

reply to post by whaaa

Imagine that! I think we knew all along that this war was about blood for oil, not about getting rid of Saddam, or bringing liberty and freedom to the Iraqi's. Who will ultimately benefit from this war?

Not everyone was fooled. I do believe their is some critical information that you are leaving out though.

Key Findings:* The Center for Public Integrity’s six-month investigation produced the most comprehensive information to date about the American companies that landed U.S. taxpayer contracts in the two nations targeted in Washington’s war on terror. More than 70 American companies and individuals won up to $8 billion in contracts for work in postwar Iraq and Afghanistan in 2002 and 2003. Kellogg, Brown & Root, the engineering and construction arm of Halliburton, tops the list of contractors. * These companies contributed more money to the presidential campaigns of George W. Bush — more than $500,000 — than to any other politician over the last dozen years.

www.publicintegrity.org...

reply to post by jackflap



On this very site, ATS, I was called a commie, terrorist sympathizer, un pariotic, Bush hater, tulipwalker and other very derogatory names for claiming this war was about profit and had nothing to do with liberation. Well...........

I told you so!!

One of the biggest conspiracies of all time is why isn't our gas dirt cheap right now, if not free...taxpayers paid for the war, where is the spoils?


[atsimg]http://files.abovetopsecret.com/images/member/259fc69ad537.jpg[/atsimg]

Originally posted by Signals
One of the biggest conspiracies of all time is why isn't our gas dirt cheap right now, if not free...taxpayers paid for the war, where is the spoils?


[atsimg]http://files.abovetopsecret.com/images/member/259fc69ad537.jpg[/atsimg]

The second important player in Afghanistan is Chevron. In 2005, Chevron merged with Unocal - an energy company that had been in talks with the Taliban after the Soviet army was driven out. Unocal had negotiated an agreement to build a pipeline through Afghanistan. According to Richard H. Matzke, president of Chevron Overseas Petroleum Inc., "Another mega-project on the drawing board is called the Central Asian Oil Pipeline. This is a proposal by Unocal and the Saudi company Delta. They want to build a $2.7 billion pipeline from the heart of Turkmenistan, south through Afghanistan and Pakistan to the Arabian Sea. Oil would then move by tanker to the fast-growing economies of East Asia." The above quote is an "American" corporation executive with an "American" company describing the plans to deliver oil, not to America, but to the economies of East Asia. Unfortunately, American troops are being used to accomplish this agenda.

sundaygazettemail.com...

Unfortunately we are not in their plans to receive the spoils you speak of. Really, we never were with any of it. We could only hope for a little of that wealth to trickle down to us, our situation here will not change.