Iraq in talks with Chevron, Exxon for $3 bln petrochemical plant

[sabra]

http://www.marketwatch.com/news/story/iraq-talks-chevron-exxon-3/story.aspx?guid=%7B1A6E39E2-8ECB-4F9C-98BB-33AD120474FA%7D


Iraq in talks with Chevron, Exxon for $3 bln petrochemical plant

LONDON (MarketWatch) -- Iraq is in negotiations with Chevron Corp (CVS) and Exxon Mobil Corp (XOM) towards building a new $3 billion petrochemical facility and is in talks with several other Western firms over industrial projects.

In an interview Thursday, Iraq's minister for industry and minerals Fawzi Hariri said the discussions with Chevron and Exxon began this week in Washington and are at an early stage.

"It will be one or the other company for this new facility, not both," he said. "We're hoping to have a (Memorandum of Understanding) in place by about July."

[acmavm]

1. This will provide some pretty steady employment opportunities for

the mercs in Iraq.

[ohio2007]

9. The Russians have shown interest in building up Iraqi oil infrastructure from their past

dealings during Saddams days with their $8 billion of loans to him during the Iran conflict but the risk currently outweighs the investment.

check out this excerpt "blast from the past" 2002 article

"It's pretty straightforward," said former CIA director R. James Woolsey, who has been one of the leading advocates of forcing Hussein from power. "France and Russia have oil companies and interests in Iraq. They should be told that if they are of assistance in moving Iraq toward decent government, we'll do the best we can to ensure that the new government and American companies work closely with them."
But he added:
"If they throw in their lot with Saddam, it will be difficult to the point of impossible to persuade the new Iraqi government to work with them."


Indeed, the mere prospect of a new Iraqi government has fanned concerns by non-American oil companies that they will be excluded by the United States, which almost certainly would be the dominant foreign power in Iraq in the aftermath of Hussein's fall. Representatives of many foreign oil concerns have been meeting with leaders of the Iraqi opposition to make their case for a future stake and to sound them out about their intentions.

<snip>
But with the end of sanctions that likely would come with Hussein's ouster, companies such as ExxonMobil and ChevronTexaco would almost assuredly play a role, industry officials said. "There's not an oil company out there that wouldn't be interested in Iraq," one analyst said.

http://www.svsu.edu/~boles/index/iraq/foroil.htm

Just a snip of revisiting ancient history from the old article;

In Iraqi War Scenario, Oil Is Key Issue
U.S. Drillers Eye Huge Petroleum Pool

By Dan Morgan and David B. Ottaway
Washington Post Staff Writers
September 15, 2002; Page A01

[armodem08]

2. SHOCKING!!!!

I mean, who could have seen this coming?

(sarcasm, obviously)

[newyawker99]

11. Hi armodem08!!

Welcome to DU!! :toast:

[MasonJar]

3. It is way past time to boycott both these firms! Oh, I forgot I have

boycotted them for years, especially Exxon...please join me and enlist others.

[llmart]

4. Time to name another oil tanker..............

after Kindasleezy.

[burrowowl]

5. LOL

Yes the Kindasleezy would be a wonderful name!

[conscious evolution]

6. Gee I wonderwho gets the

construction contracts to actually build them?

Can you say Haliburton?KBR?ParsonsCorp?

[Jacobin]

7. This is utterly laughable

We have absolutely no control over the ground in IraqNam.

[Javaman]

8. This should be retitled, "exxon outsources it's pollution".

I see now how this is going to go down. the exxon pigs are going to put on a "green" face here and put all their polluting plants in third world countries.

they cut a sweet deal with dickhead chaney, alright. if there is anything I wish to see before I leave this earth, it would be the minutes from dickhead chaney's energy meetings.

[AdHocSolver]

10. As soon as the Iraq oil deal is finalized, it is on to Iran.

If memory is correct, U.S. interest in Afghanistan shifted to Iraq about the time a pipeline deal was being worked on with the U.S. puppet government in Kabul. Does anyone see a pattern here?