Big Oil is coming to Iraq: Exxon, Shell, and BP among others
- added June 19, 2008
- 58 responses
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- current89
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No bid contracts with Exxon, Shell and BP will bring in western oil companies to Iraq.
BAGHDAD — Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power.
Exxon Mobil, Shell, Total and BP — the original partners in the Iraq Petroleum Company — along with Chevron and a number of smaller oil companies, are in talks with Iraq’s Oil Ministry for no-bid contracts to service Iraq’s largest fields, according to ministry officials, oil company officials and an American diplomat.
The deals, expected to be announced on June 30, will lay the foundation for the first commercial work for the major companies in Iraq since the American invasion, and open a new and potentially lucrative country for their operations.
The no-bid contracts are unusual for the industry, and the offers prevailed over others by more than 40 companies, including companies in Russia, China and India. The contracts, which would run for one to two years and are relatively small by industry standards, would nonetheless give the companies an advantage in bidding on future contracts in a country that many experts consider to be the best hope for a large-scale increase in oil production.
There was suspicion among many in the Arab world and among parts of the American public that the United States had gone to war in Iraq precisely to secure the oil wealth these contracts seek to extract. The Bush administration has said that the war was necessary to combat terrorism. It is not clear what role the United States played in awarding the contracts; there are still American advisers to Iraq’s Oil Ministry.
End of Excerpt
Source: New York Times
BAGHDAD — Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power.
Exxon Mobil, Shell, Total and BP — the original partners in the Iraq Petroleum Company — along with Chevron and a number of smaller oil companies, are in talks with Iraq’s Oil Ministry for no-bid contracts to service Iraq’s largest fields, according to ministry officials, oil company officials and an American diplomat.
The deals, expected to be announced on June 30, will lay the foundation for the first commercial work for the major companies in Iraq since the American invasion, and open a new and potentially lucrative country for their operations.
The no-bid contracts are unusual for the industry, and the offers prevailed over others by more than 40 companies, including companies in Russia, China and India. The contracts, which would run for one to two years and are relatively small by industry standards, would nonetheless give the companies an advantage in bidding on future contracts in a country that many experts consider to be the best hope for a large-scale increase in oil production.
There was suspicion among many in the Arab world and among parts of the American public that the United States had gone to war in Iraq precisely to secure the oil wealth these contracts seek to extract. The Bush administration has said that the war was necessary to combat terrorism. It is not clear what role the United States played in awarding the contracts; there are still American advisers to Iraq’s Oil Ministry.
End of Excerpt
Source: New York Times
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watch this comment being used hereFor those that still need proof that this "war" is about oil... Here it is!
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isn't it illegal to have no bid contracts with governments in this country?
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- muffin2062
- 3 months ago
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I am surprised it took them so long. Maybe now we won't be looking to offshore drilling here and opening up ANWR.
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And Bush wants us to believe our men didn't die in vain?
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- everydayxangels
- 3 months ago
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So I say again, you would rather have Ameican interests stand aside and not do business in Iraq, let Russia, China, France etc. have their way in the area.
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Yes, i would rather spend our tax money on renewable energy and keep our men and women alive, thank you very much. If they wanna send people to die so they can continue leeching on a finite and globally destructive resource they can, why the fuck should we.
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Ecologically sound oil, clean coal. Same bullshit.
I don't have enough money to run my house on renewables. The government does. And how is that remotely relevant? -
All this during a time that Exxon is selling all of its gas stations, why this is important, this is also a time of the flexible peace between Hamas and Israel, something that will be shaky and probably will influence the region if this is allowed to happen is Iraq. Exxon is obviously trying to bring in the money they need to move their operations into Iraq, something that could greatly effect all the interests of Bush's foreign policy but also security within the Palestinian and Israeli nations
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- Pete_Daleys_Mom
- 3 months ago
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no bid contracts? this makes me sad.
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Not surprising.
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- Dmitri_Molotov
- 3 months ago
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They will be taking something like seventy percent of the profit for thirty years. That's why we went thats why we are still there. Now it's over for all of us. My God, why won't people see?
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big oil? im 'big oil' i guess the much hated big keeps families and communties alive i hate big gov't. everybody uses oil one way or another dont blame business for making a profit blame gov't for making a profit remember this coporatiions dont pay taxes we do.
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Our tax money is getting used by big business. Our soldiers are used and abused. It needs to stop!
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The ends justifies the means has been American foreign policy for years. Blood for oil.
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Before the refrigerator humans fought wars for salt to cure thier meat.
Oil is the new salt. -
I've been crying all day. I don't even know why? I've said from the beginning it was about oil. I guess for all the dead people and that so many don't even care what we've become. We are the ugly Americans.
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- Marilynn_Murray
- 3 months ago
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And how much is Bush's cut of the deal?
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The price of a barrel of oil in 2002 was 16 dollars a barrel. Adjusted for inflation the oil industry has been the whipping boy of all industries for the last 25 years. i grew up in the oil business and when everyone in the oil business went broke in the early 80's there were no federal bail outs, Everyone just went broke and found another job. Thats what risk takers do. There were no federal bail outs. The company my dad worked shut down and everyone lost their jobs. You liberals and your insipid whining is pathetic.
The sheep deserve exactly what they are getting.... -
What a surprise, "I grew up in the oil business". No wonder---enough said. You have no vested interest in this subject now do you. Lol--the egregious gall of some people who justify killing of people for money. Sheeple, by the way, tend to agree with the masses. I don't think the people on here would fall into that category. And for anyone who is interested, Armed Madhouse is a book written by Greg Palast which details explicitly the selling off of Iraq and the profiteering of oil and the preceding events prior to the iraqi invasion which was for oil.
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just don't get it. If everyone seemed to know this was going to happen then why didn't we stop it. This just totally proves that this has been in the works for a loing time and now they're laying the foundation. This will turn into a long term bid and then bamm....instant profits, and control over the industry.
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We certainly tried, iknew, but to no avail - there were massive demonstrations all over the world back in early 2003, as well as massive candlelight vigils and people writing letters to their representatives or leaders, but the monstrous Bush machine just kept on going notwithstanding, they don't give a flea's fart what the people and the world wants, all that matters to that bunch of psychopaths is that they can continue on their demonic path unhindered, and they do.
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Create a real incentive for oil companies to become green energy companies.
Tie profit to clean energy and watch 100 new technologies come on line in full production in a decade.
The price of oil drops, terrorist organizations lose their funding.
The world starts to heal.-
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- kDrew_Productions
- 3 months ago
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Sadly, this isn't news, just confirmation.
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Actually i sell insurance now, and my dad is 89 years old. He didn't own the company, just a hired hand. i worked on a rig during the summers to pay for my college degree. The people working in the oil industry are just like you and me. What is egregious is your pathetically naieve view of the world. When the Saudi's are voluntarily increasing their oil production to lower prices to keep America hooked on imported should explain it all. Alas you are sheep and the only thing you understand is being sheared. I did like your use of the adjective egregious. Another use of this adjective would be Bill Clintion's egregious behavior with Monica Lewinsky. But since he was an inveterate liar..... you probably still think he is a good guy.............
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i've gotta give those last two to my dad he was asking me what i was doing so i decided to let him pop his current cherry.
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ah, corporate imperialism.
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- thedismembermentplan
- 3 months ago
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So, I guess they are finally having at it. They have already reopened the Mosel-Haifa pipeline that runs from Iraq to Israel.
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- thebefuddler
- 3 months ago
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watch this comment being used herewe need oil to survive its a fact we cannot go back to the days where we farm with horses and hoes. its a good thing that these contracts are not in the hands of the russians and chinese it will help the us in the future, and if the enviromentalist would stop whining and we started drilling offshore and in anwr along with the shale oil in the rockies we could get rid of our need for foreign oil and would not have to give our money to the saudis and these other countries in the middle east that hate us. you hippies are not going to be too happy when gas prices get so high that they stop shipping your hackey sacks are you?
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This is exactly what our government tried to do with the Iran-Contra affairs in 1952-53. Iran nationalized on their oil and took over British Petroleum, then Anglo-Iranian Oil Company, largely because they were sharing profits 85% British-15% Iran, so the Iranian Parliament unanimously agreed to nationalize its holding of Anglo-Iranian Oil Company, the British Empire’s largest company, and helped organize a coup to overthrow Moussadeq. Our CIA executed operation Ajax, conducted from the US Embassy in Tehran. The Shah fled to Italy, Iran's fledgling attempts at democracy quickly descended into dictatorship, and when he returned, the Shah dismantled the constitutional limitations on his office and began to rule as an absolute monarch. Only then did the Shah receive significant American support, frequently making state visits to the White House and earning praise from numerous American Presidents. The Shah's close ties to Washington and his bold agenda of rapidly Westernizing Iran soon began to infuriate certain segments of the Iranian population, especially the hardline Islamic conservatives, leading to the 1979 Iranian Revolution, after which the Shah was ousted for a second time, Ayatollah Khomeini became Iran's new leader and soon began issuing vicious rhetoric against the United States, describing the country as the "Great Satan". And the kicker is, during Jimmy Carters administration, the Shah, at that time suffering from cancer, requested entry into the United States for treatment. The American embassy in Tehran vigorously opposed the United States granting his request, but Jimmy Carter allowed it. This angered the revolutionary group Muslim Student Followers of the Imam's Line, so they occupied the American Embassy in Tehran and took U.S. diplomats hostage. 52 U.S. diplomats were held hostage for 444 days. One of the hostage takers even said to to Bruce Laingen, chief U.S. diplomat in Iran at the time "You have no right to complain, because you took our whole country hostage in 1953.” The ordeal reached a climax when the United States military attempted a rescue operation, Operation Eagle Claw, on April 24, 1980, which resulted in an aborted mission and the deaths of eight American military men. It is completely logical why the CIA considers the original Operation Ajax as one of the worst CIA blowbacks ever. I wish more active citizens knew the history of our relationship with Iran and all the other middle eastern oil producing nations, so they could rationalize the events that took place and have insight into current events of today, and the motives behind them. So before you listen to John McCain and his pastors Islamic hating speeches and rhetoric, why don't all of us take a lesson from history instead of some blasphemous self-righteous pastor and his endorsed political candidate who apparently has the self-appointed authority to invade sovereign nations after the example of the Bush administration. Thats my take on it anyways.
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what it all comes down to is imperialism... in the corporate world that is. nothing else to say except that finally people can see the misleadings with our government.
READ: "Naked Imperialism" by: J.Foster-
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- laurenmarie
- 3 months ago
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- StevePGreene
- 3 months ago
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aahhh......good old fashion ameripean big business backed imperialism...there's nothing like the fresh smell of war profiteering in the morning!)
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- blackdaylight
- 3 months ago
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Until every drop is gone... We will continue to be hooked into the oil wars... We are controlled by it...manipulated and we will be sucked dry... May-be then Big business will move to water-run vehicles so that that precious commodity costs us our arms and legs to stay alive... puppits all. "Freedom is just another word for nothing left to lose." And with this global economy we are all led to the slaughter! Who owns the United States? What happens to our constitution with the North American Union? Our people... more control, less freedom...OMG
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It is what big corporations do! The oil companys will milk iraq for everything they can! Oil prices will still be high and those of us who cannot afford to go green will pay!
Its the reality of our world. People will do anything for the bottom line. We will have conflicts based on oil and people will die. So we can complain all we want but in all we are just a insignificant little nothing compared to the powers that be.I wish it was different but it is not ant there is nothing that can be done to stop the inevitable. Right now we are seeing the beginning of a global conflict that willl eventually destroy all mankind! Maybe not in our lifetime but in future generations. So what i think we should do is try to make the best out of life. Yes we need to vote for people who say they will try to make changes and do our little part but in the long run it will not matter !-
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- Jtonio4823
- 3 months ago
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You are right. In the long run, it will not matter. The gears have been turning for a long time now, and neither the individual, or a TV station like current can make a difference. The only way change can be made is if the truth comes out. And if the people who know it aren't bold enough to speak it, and everyone else is just ignorant, what cards do we have in our hands? No conscious effort on behalf of mankind will ever be made. That's my opinion. And if current were to start broadcasting the truth, I assure you all, all of it's sponsors will be pulled out from under it. No more Vcam's People. There goes hope.
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- nickdaniel42
- 3 months ago
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