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BP 'Has Gained Stranglehold Over Iraq' After Oilfield Deal Is Rewritten

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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 12:52 PM
Original message
BP 'Has Gained Stranglehold Over Iraq' After Oilfield Deal Is Rewritten
BP has been accused of taking a "stranglehold" on the Iraqi economy after the Baghdad government agreed to pay the British firm even when oil is not being produced by the Rumaila field, confidential documents reveal.

The original deal for operating Iraq's largest field half as big as the entire North Sea has been rewritten so that BP will be immediately compensated for civil disruption or government decisions to cut production.

This potentially could influence the policy decisions made by Iraq in relation to the Opec oil cartel, and is a major step away from the original terms of an auction deal signed in the summer of 2009, critics claim.

"Iraq's oil auctions were portrayed as a model of transparency and a negotiating victory for the Iraqi government," said Greg Muttitt, author of Fuel on the Fire: Oil and Politics in Occupied Iraq. "Now we see the reality was the opposite: a backroom deal that gave BP a stranglehold on the Iraqi economy, and even influence over the decisions of Opec."

MORE...

http://www.guardian.co.uk/business/2011/jul/31/bp-stran...
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CarmanK Donating Member (459 posts) Send PM | Profile | Ignore Mon Aug-01-11 12:56 PM
Response to Original message
1. BP. Better than Halliburan!! The Brits have some class!!
The UGLY AMERICAN's just cheat, steal and defraud. Cheney had no conscience, he took this nation to war to get the OIL in Iraq and He, didn't get it. Win for the world.
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glowing Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 01:00 PM
Response to Reply #1
2. R u serious? BP, the one's who ruined the Gulf of Mexico and fight to NOT
pay people who's lives were destroyed by them. The same BP that had more regulatory violations than any other company operating in the United States.. That BP is soo classy. NOT!!
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 01:04 PM
Response to Original message
3. Confirming it was never about oil, empire, and global hegemony: yeah,
sure. :patriot:
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