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Politics : Attack Iraq?

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To: stockman_scott who wrote (1664)9/27/2002 4:06:25 AM
From: Raymond Duray  Read Replies (1) of 8683
 
IT'S ALL ABOUT THE OIL

nzherald.co.nz

<Snip>

Oil companies waiting to pounce in Iraq

27.09.2002
By ANDREW BUNCOMBE
WASHINGTON - Oil companies around the world are manoeuvring themselves for the multibillion-dollar bonanza that would follow the ousting of Saddam Hussein.

Russia is so concerned that it has been holding secret talks with the Iraqi Opposition to shore up its economic interests in the country, which still owes Moscow US$7 billion ($15 billion) from Soviet times.

With the second-biggest proven oil reserves of any country, Iraq's underdeveloped oil fields have become a key negotiating chip and a backdrop to continuing talks between the United States and the other permanent members of the United Nations Security Council, all of which have major economic stakes in regime change in Iraq.

It has also given fuel to critics of the United States' war plans, who say the desire to topple Saddam is at least partly driven by economics.

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