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Politics : Foreign Policy Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (1460)	1/2/2003 12:47:12 AM
From: American Spirit	Read Replies (1) \| Respond to of 15987

* US Oil companies in Iraq and Libya: Cavaney and his allies are in the midst of a lobbying campaign aimed at persuading members of Congress and Administration officials to relax sanctions against Iraq, Iran and Libya on the grounds that they hurt U.S. business interests. The lobbying blitz underscores the huge stakes for American oil companies and other business interests in trying to reverse U.S. policy toward these oil-rich Middle Eastern pariahs. Oil behemoths such as Chevron Corp., Conoco, ExxonMobil Corp., and Phillips Petroleum Co. have been working aggressively alongside big business coalitions, such as USA*Engage, a group of 670 U.S. companies, to fight unilateral sanctions. Industry lobbyists want Congress to resist appeals from the American Israel Public Affairs Committee for a five-year renewal of the Iraq-Iran-Libya Sanctions Act, which is aimed at curbing foreign energy investments in those countries. The lobbyists are also asking the Bush Administration to overturn separate executive orders that block most U.S. companies from doing business in Iraq, Iran and Libya.