Oil rush: Scramble for Iraq’s wealth | Independent
Posted by Faiz on June 21st, 2009
“It is only now, six years after the American invasion, that the battle for the control of Iraqi oil production is moving to the centre of politics in Baghdad. On 29 and 30 June, the Iraqi government will award contracts under which international oil companies will take a central role in producing crude oil from Iraq’s six super-giant oilfields over the next 20 to 25 years. … The contracts have been heavily criticised inside Iraq as a sell-out to the big oil companies, which are desperate to get back into Iraq – oil was nationalised here in 1972, and Iraq and Iran are the only two places in the world where immense quantities of oil might still be discovered. … The US may not have invaded Iraq in order to control its oil reserves, but a consequence of the invasion has been to bring back the international oil companies.”
Also see: Robert Fisk: Battle for the Islamic Republic | Independent
June 22nd, 2009 at 6:11 am
And now that the purpose of this war was reached let’s hope that Iraq will have some peace for the next years.