Iraqi Oil Minister accused of mother of all sell-outs

To public fury, the country is handing over control of its fields to foreign companies

Furious protests threaten to undermine the Iraqi government's controversial plan to give international oil companies a stake in its giant oilfields in a desperate effort to raise declining oil production and revenues. Full Story »

Posted by Dwight Rousu

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Dwight Rousu
3.8
by Dwight Rousu - Jun. 19, 2009

Iraqis are wary of the involvement of foreign oil companies in raising production in super giant fields like Kirkuk and Bai Hassan in the north and Rumaila, Zubair and West Qurna in the south. They suspect the 2003 US invasion was ultimately aimed at securing Western control of their oil wealth. The nationalisation of the Iraqi oil industry by Saddam Hussein in 1972 remains popular and the rebellion against the service contracts has been gathering pace all this week.

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Dwight's Rating

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3.8

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from 12 answers
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3.0
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