No-Bid Oil Contracts In Iraq For Select Companies

Posted by | June 19, 2008 00:47 | Filed under: Top Stories

What a shock!  Only American-chosen countries get contracts in Iraq, as we are advising the Iraq oil ministry.

A total of 46 companies, including the leading oil companies of China, India and Russia, had memorandums of understanding with the Oil Ministry, yet were not awarded contracts.


The first oil contracts for the majors in Iraq are exceptional for the oil industry.

They include a provision that could allow the companies to reap large profits at today’s prices: the ministry and companies are negotiating payment in oil rather than cash.

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Copyright 2008 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

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