Posted by | June 19, 2008 00:47 | Filed under: Top Stories

What a shock!  Only American-chosen countries get contracts in Iraq, as we are advising the Iraq oil ministry.

A total of 46 companies, including the leading oil companies of China, India and Russia, had memorandums of understanding with the Oil Ministry, yet were not awarded contracts.

 And:

The first oil contracts for the majors in Iraq are exceptional for the oil industry.

They include a provision that could allow the companies to reap large profits at today’s prices: the ministry and companies are negotiating payment in oil rather than cash.

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By: Alan

Alan Colmes is the publisher of Liberaland.