International oil companies could receive sole control of Iraq's oil

NNN0LHI

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Mon May-21-07 04:53 PM
Original message

International oil companies could receive sole control of Iraq's oil

http://www.menafn.com/qn_news_story_s.asp?StoryId=1093153867

(MENAFN) A representative for Hands Off Iraqi Oil (HOIO) said that an Iraqi oil law could mean that international companies may receive full control of Iraqi oil fields for more than two decades, Iraq Directory reported.

It was also mentioned that Shell Company has been working hand in hand with the United States and Britain to arrange an international policy to permit multinational companies to receive solitary control of Iraq's oil fields.

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bullimiami

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Mon May-21-07 05:02 PM
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1. i the us army and mercenaries cant hold onto iraq

are the oil companies going to be able to hold onto the oil?

and what would it cost them to do it?

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annabanana

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Mon May-21-07 05:04 PM
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2. Well, Goddam it! That was the whole friggen POINT!

If they weren't looking to do that there would have been no reason to invade...

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Robbien

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Mon May-21-07 05:08 PM
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3. What do you mean by could. The Iraq oil benchmark requires such a handover.

No could about it. Oil companies will take full control while US taxpayers continue to pay the bill of providing oil field security.

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ChicagoRonin

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Mon May-21-07 05:12 PM
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4. Question: Is this even feasible?

Man, these guys must be completely insane. Even with the full protection of the US military and/or private firms like Blackwater, it seems unlikely they'll be able to maintain sufficient security to drill and process the Iraqi oil. They may win the paper rights, but I have a feeling the locals are not likely to honor such agreements (especially since they're taking away their country's best and most profitable resource).

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