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Nambe Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 09:30 PM
Original message
Shell wants 'legitimate authority' in Iraq before bids
Gulf Daily News


DUBAI: British-Dutch oil giant Royal Dutch/Shell will only vie for contracts to develop Iraq's upstream oil business once a "legitimate authority" is in place, the group's chairman said.

"Shell will only participate in upstream developments in Iraq when there are awards by the legitimate authority in place, in the interests of the Iraqi people," Sir Philip Watts told the July edition of Shell in the Middle East magazine received here.

"Any process by which foreign energy companies become involved in the energy sector in Iraq should be fair, transparent and on a level playing field," Watts said. ---

Banish bush From Texas Too
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salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 09:31 PM
Response to Original message
1. Very interesting position to take
any speculation as to why?
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 09:33 PM
Response to Reply #1
2. International Law
Edited on Sun Jul-13-03 09:33 PM by nadinbrzezinski
Now point of interest, Shell does not recogmize the authority of Mr Bremmer... that is a problem.

Their lawyers must have gone, hmmm, sirs, no WMDs... no legal reason for war, could be tricky, Sirs.

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uhhuh Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 09:35 PM
Response to Reply #1
3. Tanslation
We want the attacks on the pipelines and the resistance to occupation to be stopped by whatever means necessary before we will put any of our hard-stolen money in Iraq. Get that puppet regime in place ASAP!!!
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tedzbear Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-14-03 03:33 AM
Response to Reply #3
15. They'll also want the US taxpayer to guarantee their contract...
...in case they get screwed like Russia. After all, the US taxpayer bailed out the Savings & Loans in the 80s, so why not big oil in the 00s?
:evilgrin:
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jiacinto Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 09:39 PM
Response to Reply #1
4. Liability reasons
Edited on Sun Jul-13-03 09:41 PM by jiacinto
Shell doesn't want its employess to be killed. Shell also doesn't want to invest millions to billions of dollars in establishing a presence there if their assets are unsafe.
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Jack Rabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 10:42 PM
Response to Reply #4
13. Excellent point, Carlos
Let's not concern ourselves so much with a post-Saddam Iraq but with a post-colonial Iraq. Won't the next Iraqi government -- the legitimate one -- say that any arrangements to which they entered in this period were made under duress?

I couldn't disagree with them. I said as much before the invasion.
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RapidCreek Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-14-03 03:58 AM
Response to Reply #13
16. It might have something to do with the Dutch Queen
She takes no shit from anyone and I would imagine...hasn't much respect for Bush's motivations. Further she doesn't want any Dutch companies getting themselves and her Nation embroiled in his shenanigans. It would be my guess that we are hearing her words through the Shell corporation.


RC
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 09:44 PM
Response to Reply #1
6. iraq has no legal system
there isn`t a government to sign contracts. there`s no way anyone is going to sign contracts with anyone who doesn`t have any standing in international law...yup- better get those stooges in place boys, you need some iraqi sigs on those contracts...
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 09:42 PM
Response to Original message
5. Anybody else find this hysterically funny?
If there was anyone George thought he had in the bag, it was the oil companies.

Tee hee.
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NYC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 09:49 PM
Response to Reply #5
7. Yes.
Edited on Sun Jul-13-03 09:50 PM by NYC
He has made Iraq so unstable that even the oil companies feel insecure.
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 09:54 PM
Response to Reply #5
8. big oil don`t
give a shit who`s in power as long as the contract is legit. - i bet the boys at shell are pissed off at the boy king for totally fuck`ng up the oil production in iraq. it`s going to take several billions of dollars and over 5 and as many as 10 years to get the oil fields to produce profits......last month the big oil companys lost a multi-billion contract to develope saudi arabia`s gas fields..the contract went to the russians-payback??
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Feanorcurufinwe Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 10:00 PM
Response to Reply #5
9. Bush is with the Exxon crowd
Even thugs and organized criminals like the oil companies sometimes fight it out amongst themselves.
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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 10:19 PM
Response to Original message
10. Unfortunately US taxpayers will pay the bill
if there is no oil flowing the only money to pay for that fancy Bechtel infrastructure in Iraq is flowing right out of our pockets.
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J B Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-03 10:27 PM
Response to Original message
11. The UN made the US/UK the legitimate authority (for now).
Just so you don't go thinking that there's no legit authority there. The UN said there is a legit authority - the occupying powers.

And any future Iraq government is to be bound by their decisions as if they were made by Iraqis themselves.
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ferg Donating Member (873 posts) Send PM | Profile | Ignore Sun Jul-13-03 10:34 PM
Response to Reply #11
12. how is that possible?
I'm not disagreeing, because I'd agree that's what it sounds like, but how is that legitimate?

I mean, Bush & co. are planning on Iraq taking out massive loans to pay Halliburton, et. al. for the "reconstruction." So Iraq will be in debt for years to pay off Bush's debt to Halliburton.
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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-14-03 12:46 AM
Response to Reply #12
14. The UN Security Council approved it
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ze_dscherman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-14-03 03:59 AM
Response to Reply #12
17. They are in debt already
Iraq has billions in debts to pay, as well as billions of reparation pay, mostly to Kuwait.

Even to pay back this will take decades. Now, they are mortgaged for rebuilding as well.

The U.S./U.K. coalition is trying anything imaginable to stick to the WMD claim. This is the ONLY way to legally justify the invasion.

Otherwise, under international law, the coalition members could be held responsible to pay reparation for the death and destruction they have brought to Iraq. This could become very very costly.
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