SHOOT: It may have been a better idea to talk nicely to the Iraqi's than to bomb them (using 9/11 as a n excuse), occupy them and then hope they'd want to do business with their 'liberators'.
EXPECTATIONS that foreign companies can cash in on Iraq's oil riches are in doubt after a key parliamentary body in Baghdad pledged to "push Shell out" and halt a forthcoming licensing round. "We are going to do everything we can to revoke this deal and to push Shell out," he said. Analysts at IHS Global Insight, an economic forecasting group, said the latest developments were alarming, especially given Shell was expected to formalise its southern gas deal within the next few weeks. "The Shell deal looks increasingly like a litmus test for progress on all Iraq's oil and gas projects, with any potential failure likely to remove most of the political legitimacy from the Oil Ministry's interpretation of Iraq's constitution and oil law," they argued. |
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