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The exact deal is unknown but South Korea-based UI Energy is one of the biggest investors in Iraq's oil-rich Kurdistan. Mr Blair's fee has not been disclosed but is likely to have run into hundreds of thousands of pounds.
He successfully persuaded the watchdog committee the work was "market sensitive" and could not be made public. But they published the details this week and also revealed a separate deal Blair had with the Kuwaiti government. This second arrangement had been kept secret at the request of the country's leaders.
Not surprisingly, Mr. Blair isn't the only prominent politician on UI's payroll. Others reportedly include former Australian prime minister Bob Hawke, as well as politicians like Congressman Stephen J. Solarz, former secretary of defense Frank Carlucci, former ambassador to Egypt, Nicholas A. Belites, and U.S. Commander for the Middle East General John P. Abizaid. And, these are just the ones who acknowledge any association with the oil conglommerate.
Two-time presidential candidate, Ross Perot, is listed on UI Energy Corp.'s Web site as part of their extended family. One wonders if there are any other presidents, or presidential candidates, who may have been considered family by the South Korean oil firm.
Douglas Carswell, a backbench Tory MP who campaigns for political reform, said Mr Blair's link to UI Energy Corporation "stinks". He told the Daily Mail: "It seems that the former prime minister of the United Kingdom has been in the pay of a very big foreign oil corporation and we have been kept in the dark about it.
"Even now we do not know what he was paid or what the company got out of it. We need that information now.
"This is revolving door politics at its worst. It's not as if Mr Blair has even stepped back from politics, because he is still politically active in the Middle East.
Originally posted by Peruvianmonk Yes well said my man. Another important point is that he is the special envoy of the E.U in the quartet on the Middle East so he hasn't even withdrawn politically from the area.
Originally posted by Peruvianmonk It was a long day going to see Blair testify at the inquiry and i sat there thinking this guy has been completly corrupted by the hubris of his power.
Originally posted by Peruvianmonk He sat there rabbiting on about the threat of Iran like the neo-con he is as if he was still PM. The rest of the audience laughed along with him at a couple of comments he made, i just looked around in amazement.
Originally posted by Peruvianmonk It was not funny, not funny at all what he did in Iraq and continues to do.
It was revealed last week that the Metropolitan Police ran up a bill of £273,000 to provide security when former prime minister Tony Blair gave evidence on 29 January.