Iraq said not to favor U.S. firms to develop oil fields

[sabra]

Source: Azzaman

Iran is pressuring Iraqi authorities to exclude U.S. oil majors from contracts to develop the country’s massive oil fields, sources at the Oil Ministry said.

The sources, speaking on condition of anonymity, said the authorities currently favor Chinese and Russian companies to those of the United States.

Their remarks come following a contract the ministry signed last month with China’s state-owned oil firm CNPC.

The $3bn oil services contract is a renegotiated deal of the Ahdad oilfield which CNPC had agreed to develop in 1977.

...

The Ministry of Oil and other key portfolios such the Ministry of Interior and Finance are in the hands of pro-Iran Shiite factions.

Read more: http://www.azzaman.com/english/index.asp?fname=news/2008-09-03/kurd.htm

[4lbs]

1. Wait, what about the Oil?

If "we" didn't go there for the oil, then why did we go to Iraq again?

Oh, that's right, a "task from God" according to Palin.

:sarcasm:

[Arctic Dave]

2. The easist way to push someone to the ground

is to have them over reach. Just when * and Cheney thought they had it in the bank and were reaching for the sky, they are being pushed to the floor.