These are some items that document Shell Oil’s activities in Iraq:
Despite having told shareholders that it has no immediate plans to do business in Iraq, Shell Oil appoints Wolfgang Stroebl, a Dubai-based exploration and production executive, as “country chairman” for Iraq.
Secret US plans for Iraq’s oil
Questioned by Newsnight, Ms Jaffe said the oil industry prefers state control of Iraq’s oil over a sell-off because it fears a repeat of Russia’s energy privatisation. In the wake of the collapse of the Soviet Union, US oil companies were barred from bidding for the reserves.
Ms Jaffe says US oil companies are not warm to any plan that would undermine Opec and the current high oil price: “I’m not sure that if I’m the chair of an American company, and you put me on a lie detector test, I would say high oil prices are bad for me or my company.”
The former Shell oil boss agrees. In Houston, he told Newsnight: “Many neo conservatives are people who have certain ideological beliefs about markets, about democracy, about this, that and the other. International oil companies, without exception, are very pragmatic commercial organizations. They don’t have a theology.”
How the West will make a killing on Iraqi oil riches
Iraq’s massive oil reserves, the third-largest in the world, are about to be thrown open for large-scale exploitation by Western oil companies under a controversial law which is expected to come before the Iraqi parliament within days.
The US government has been involved in drawing up the law, a draft of which has been seen by The Independent on Sunday. It would give big oil companies such as BP, Shell and Exxon 30-year contracts to extract Iraqi crude and allow the first large-scale operation of foreign oil interests in the country since the industry was nationalised in 1972.
War Profiteers Shell, Bechtel, Fluor Take Record of Terror From Africa to Iraq
Iraq Labor vs. ExxonMobil, BP and Shell
Written by Bush and Blair’s big oil business partners who serve as the leaders’ advisors on foreign policy, the new Iraq hydrocarbon law opens the door for international investors, led by BP, Exxon and Shell, to siphon off 75 percent of Iraq oil wealth for 30 years. This economic model is called a “Production Sharing Agreement.” But is a 75/25 split, with bloated oil companies taking 75 percent of the country’s wealth and leaving just 25 percent for the devastated Iraqis, a sharing agreement or an armed robbery?
The law is currently under consideration in the Iraq Parliament, with deputy prime minister Salih, chair of the oil committee, carrying the legislation.
Iraq’s unions, if not its occupied government, are standing firm against the oil law. With the oil sector representing 95 percent of the country’s revenues, and with only 17 of Iraq’s 80 known oil fields under production, much is at stake.
UNITED NATIONS, March 30 — From Iraq’s Mission to the UN, there’s finally been an answer to the months-old oil metering mystery. Shell has been given the contract, and it will take from one to two years to implement.
