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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Land Shark who wrote (92895)4/5/2007 9:35:23 PM
From: Brumar89  Read Replies (1) of 173976
 
The Iraqi constitution has nothing about PSA's in it. The Iraqi govt probably is going to allow PSA's which are a good deal for producing countries who have untapped oil reserves and limited capital. PSA's don't bring companies unreasonable profits - there's a lot of competition among companies to get those deals. All the American and European majors plus the Chinese, Russian, and Indian companies plus Petrobras, Petronas, and others compete for those deals.
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