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August 21, 2008

I Guess There's No Price to Be Paid

...by foreign governments breaking U.N. sanctions.

Iraq and China will sign a deal next week to develop the Ahdab oil field, restoring an agreement that was canceled after the 2003 U.S.-led invasion, an Iraqi spokesman said Thursday.

...Saddam Hussein's regime defied United Nations sanctions that limited direct dealings with Iraq's oil industry and signed a deal in 1997 with the state-owned China National Petroleum Corp.

That contract, worth $1.2 billion, gave a subsidiary of the Chinese company concessions to develop the field on a production-sharing basis for 22 years.

The new agreement will be a service contract, under which China will not be a partner in profits and instead will be paid for its work.

Once the contract is signed, it will be the first Saddam-era oil deal to be honored by the new Iraqi government. A number of companies say they signed deals with Saddam's regime and demand that those be honored, or the countries involved be given priority on new agreements.


How is it American companies are the only ones getting screwed, when we paid for the freakin' war to begin with?

Posted by tree hugging sister at August 21, 2008 11:01 AM

Comments

Hey, we're Americans - we've never known how to do Imperialism properly.

Posted by: mojo at August 21, 2008 12:29 PM

Look at the bright side, Sis. We have proof positive that the Iraqi war wasn't about oil for America.

It's pathetic, but proof nonetheless.

Posted by: The_Real_JeffS at August 21, 2008 02:52 PM

Cha. You're right, Jeff. Hadn't thought about it.

That's a big, pathetic thumbs up.

Posted by: tree hugging sister at August 21, 2008 03:01 PM

Not a thumbs up, Sis. More like an "Eh, it sucks, but I can live with it" hand wave.

Posted by: The_Real_JeffS at August 21, 2008 04:02 PM

That's because no one in government cares about Americans.We are cannon fodder, and the politicians
are 'robots' with nice teeth and no soul..

Posted by: greg newson at August 23, 2008 04:24 AM