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Western Oil Firms Remain as US Exits Iraq

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posted on Jan, 7 2012 @ 08:11 PM
Nothing to see here folks, move along. Please, move along and resume your regularly scheduled activities.

BAGHDAD, Iraq - On November 27, 38 months after Royal Dutch Shell announced its pursuit of a massive gas deal in southern Iraq, the oil giant had its contract signed for a $17bn flared gas deal.

Three days later, the US-based energy firm Emerson submitted a bid for a contract to operate at Iraq's giant Zubair oil field, which reportedly holds some eight million barrels of oil.

Earlier this year, Emerson was awarded a contract to provide crude oil metering systems and other technology for a new oil terminal in Basra, currently under construction in the Persian Gulf, and the company is installing control systems in the power stations in Hilla and Kerbala.

Iraq's supergiant Rumaila oil field is already being developed by BP, and the other supergiant reserve, Majnoon oil field, is being developed by Royal Dutch Shell. Both fields are in southern Iraq.

According to the US Energy Information Administration (EIA), Iraq's oil reserves of 112 billion barrels ranks second in the world, only behind Saudi Arabia. The EIA also estimates that up to 90 per cent of the country remains unexplored, due to decades of US-led wars and economic sanctions.

"Prior to the 2003 invasion and occupation of Iraq, US and other western oil companies were all but completely shut out of Iraq's oil market," oil industry analyst Antonia Juhasz told Al Jazeera. "But thanks to the invasion and occupation, the companies are now back inside Iraq and producing oil there for the first time since being forced out of the country in 1973."

"The last thing the US cares about in the Middle East is democracy. It is about oil, full stop."

There has been some confusion about whether oil firms would have access to the oil in Iraq. Infact, I ran across a thread posted in 2009, that matter-of-factly suggest the U.S would not have access to the oil in Iraq.. What confused me was that it wasn't in the jokes and humor forum?

There's money to be made, cars to be fueled, and we don't have time for no humanitarian concerns! No doubt the oil companies mission is accomplished.


posted on Jan, 7 2012 @ 08:19 PM
No troops remain,
But 10's of thousands of US mercs remain.
Trained troops who decided to sign with a corporation on contract, instead of the Military on loan!

How does it feel America?
The corporate world hijacked your government, sent in your young unemployed fighting men and women.. destroyed a nation, stole a decade of your youth, slaughtered 10's of thousands of foreign people, murdered thousands of your own children... setup shop and kept its investors happy..

they then told you to bug'r off and deal with the damage, pay the bill and compromise with the angry parties.
.. oh and look out for the homeless, orphaned, battle hardened fanatics...these people want revenge.

edit on 7-1-2012 by Agit8dChop because: (no reason given)

posted on Jan, 7 2012 @ 08:32 PM
Welcome to the world of finance capital and imperialism dear friends. It's been the same game for nearly a hundred years.

posted on Jan, 7 2012 @ 08:33 PM
reply to post by Agit8dChop

It's simply a very bloody takeover of a foreign country. And now that we left... we're really still there.

Sadly, we have planted the seeds for future terrorists....

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