http://www.michaelmoore.com/words/latestnews/index.php?id=12787December 6th, 2008 3:00 am
Many oil majors skip Iraq oil expo
BAGHDAD (AFP) — Many major global oil companies have stayed away from the first Iraq Energy Expo which opened in Baghdad on Friday, amid uncertainty about plans for oil production partnerships.
ConocoPhillips of the United States and Russia's Lukoil and Gazpromneft are among 40 exhibitors, but BP, Exxon and Total are absent although they say they want to return to Iraq after being thrown out by then dictator Saddam Hussein 36 years ago.
The three-day oil conference and show at a new exhibition centre near Baghdad International Airport is the first of its kind in Iraq since an international embargo was imposed in 1990 after Saddam launched an invasion of Kuwait.
With an estimated 115 barrels of crude oil deposits, Iraq has the world's third largest reserves behind Saudi Arabia and Iran.
"We need your technical support to rebuild Iraq. We promise you full cooperation," Hussein Shahristani, the oil minister, told foreign oil companies at the opening of the event.