Sunday, June 21, 2009

Oil rush: Scramble for Iraq's wealth


Critics said the war was all about the nation's lucrative fuel industry. Are they now being proved right?

Patrick Cockburn reports from Baghdad

"For many Iraqis, the reason the US invaded their country in 2003 was to get control of their oil. I never believed this at the time. I thought that the US overthrew Saddam Hussein and occupied Iraq primarily because it wanted to reassert its power after 9/11 and believed the war in Iraq would be easily won.

It is only now, six years after the American invasion, that the battle for the control of Iraqi oil production is moving to the centre of politics in Baghdad. On 29 and 30 June, the Iraqi government will award contracts under which international oil companies will take a central role in producing crude oil from Iraq's six super-giant oilfields over the next 20 to 25 years. By coincidence, 30 June is also the date on which the last American troops will be leaving Iraqi cities. On the very day that Iraq regains greater physical authority over its territory, it is ceding a measure of control over the oilfields on which the future of the country entirely depends......."

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