From the latest Iraq Occupation Focus Newsletter:
Iraq oil execs rebel over contract tenders
Reuters report (June 14th): The head of the unit that produces most of Iraq's crude said Sunday he opposed Baghdad's plan to auction off oil field service contracts, joining an apparently broad revolt against the country's first major foreign oil deals in 30 years.
South Oil Co. Director General Fayad al-Nema said the service contracts were "detrimental to the Iraqi economy" and asked Oil Minister Hussain al-Shahristani to cancel the first tender results, which are due to be announced June 29-30.
The protest by senior executives in the state-run industry added to growing discord around Shahristani, who faces criticism from parliament for not having boosted Iraq's oil output to beyond the level it was at before the 2003 U.S. invasion.
http://www.reuters.com/article/reutersComService_3_MOLT/idUSTRE55D1IY20090614
This was reinforced by a piece in today's Independent on Sunday:
The contracts have been heavily criticised inside Iraq as a sell-out to the big oil companies, which are desperate to get back into Iraq – oil was nationalised here in 1972, and Iraq and Iran are the only two places in the world where immense quantities of oil might still be discovered. Several of those criticising the contracts work in the Iraqi oil industry. "The service contracts will put the Iraqi economy in chains and shackle its independence for the next 20 years," said Fayad al-Nema, head of the state-owned South Oil Company, which produces 80 per cent of Iraq's crude. "They squander Iraq's reserves."
http://www.independent.co.uk/news/world/middle-east/oil-rush-scramble-for-iraqs-wealth-1711570.html
Sunday, 21 June 2009
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