Halliburton gets letter of intent for Iraq oil

[maddezmom]

Source: AP

Halliburton Co. said on Wednesday that it has gotten a letter of intent from Shell Iraq Petroleum Development BV that would make Halliburton the project manager for developing the Majnoon field in southern Iraq.

Halliburton said it wold be working with Nabors Drilling and the Iraq Drilling Company. The contract needs final approval by Iraqi authorities, Halliburton said.


Read more: http://www.businessweek.com/ap/financialnews/D9HM532G3.htm

[DLnyc]

1. Boy, if I was an Iraq authority I sure the fuck know what I would say to that.

Basically, "up yours, Helliburton, we prefer to have a company that actually does what it's paid to do, instead of just raping its customers and then demanding more contracts."

Or maybe something more blunt. . .

[Blue_Tires]

16. i thought the Iraq authority was hand-picked long ago by Washington?

[ixion]

2. Wow. Amazing. After years of criminal fraud and incompetence

they get the contract. :wow:

The mind boggles. :crazy:

[SkyDaddy7]

3. "MISSION ACCOMPLISHED!"

Do to the utter incompetence of Chimp & Vader it took longer than they planned but they still got what they wanted. It only cost a little over 5000 soldier's lives, over a 100,000 injured & who knows how many more lives will be lost due to Chimp & Vader's plan to leave Afghanistan...Prolonging a war in which the Afghans & the world "WAS" behind us to include Iran & Russia just so they could pursue cheap oil! And like every other issue the Chimp & Vader left in the wake of their 8 yr reign of terror on the world & our country there is no solution that does not have nasty ramifications.

:puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke:

[catzies]

19. Also my first and only thought exactly, sad to say. n/t

[newspeak]

29. Was it 2008 or 2009, I remember reading

that Little Boots was going to get tough on the Iraqi parliament because they refused to sign an agreement. And Part of that agreement was to privatize the oil fields. To allow the global corporations in--and away from nationalization?

Just by the actions you know that our money, our children's lives were used to allow corporate interests to basically take their resources. And, we, as the general population do not see the bonus from such a transaction since the oil is for global consumption and profits are for corporations. So, we foot the bill, while they gain the spoils.

[DLnyc]

30. True, but I think in the end things haven't worked out exactly according to

the plans of Boots and Darth. Basically, the Iraqis refused to agree to 'production sharing' contracts and stalled until wonder boy was finally swept aside.
http://www.google.com/search?q=Iraq+oil+contracts&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
It seems that
a) The contracts have not gone exclusively, or even mostly to US companies
and
b) The contracts are not, in the end, the exclusive contracts originally drooled over by the US companies (I think, it's quite hard to sort through the propaganda).
A typical article, seems like, showing various countries involved and non-exclusive contracts:
http://www.ethiopianreview.com/news/8007

[dflprincess]

31. Private profit, socialized risk -

it's the American way!

I thought that oil money was going to cover the cost of the war?

[JonLP24]

4. And people still deny it was for oil

I'm not sure exactly what this whole war was about but it was clear to me the only thing we were "liberating" was Iraqi's from their wealth.

One thing that the documentary No End in Sight covered was when there was looting going on they weren't guarding museums and other places, protecting thousands of years of history, no they had troops guarding the oil fields.

[madokie]

10. Yup

Thats what it was all about from the get go.

[Odin2005]

15. Anyone with a basic grasp of Geo-Politics US history understands it was for oil.

The Persian Gulf region has been a area of strategic importance to the US since the end of WW2. It's about maintaining Hegemony by controlling the oil supplies.

[glitch]

32. They said it wasn't JUST about oil.

Don't forget the looting of the US and Iraq treasuries, all those lovely war profits. And empire, and finally, FINALLy getting to feel manly (this was especially true for Bush/Cheney/Rumsfeld and all the PNACis).

So many reasons.

[Solly Mack]

5. Shocking

snicker

[atomic-fly]

6. This will make the region safer and us popular...

Let them pay for the damn war!

[lobodons]

7. Story is at least 2 years old

This story broke what, two years ago when we found out that Western companies will be in charge of raping Iraqi's oil fields. This surprises anyone? Bush, Cheney, Haliburton..., etc. etc. 9-11 was all the excuse they needed to go into Iraq. Not saying it was a planned inside job, just saying it was all the excuse they needed.

[DFW]

8. ....which is what the whole invasion was for to begin with.

W may have had no clue (as witnessed by all his incoherent rationalizations for the invasion), but
Cheney knew exactly what he was doing, right down to Halliburton's move to Dubai before W left office.

The Iraq invasion was nothing other than a business venture, subsidized by force with venture capital
from every American who pays taxes (and 4400 of our troops who paid a somewhat higher price).

[Soylent Brice]

9. just peachy.

[iamthebandfanman]

11. welp after years of stealing it

looks like they are gonna get it legally.



oil has been going missing since the war began...

[Javaman]

12. IG Farben. nt

[irislake]

13. Bravo America!

Dripping in blood.

[AllTooEasy]

27. Wrong, it's Iraq's decision. Read the post again

Iraq has to approve of this. I hope/pray/beg that the IRAQI GOVERMENT turns these bastards done. If they don't, then FUCK IRAQ!

[Odin2005]

14. Mission Complete!

:grr:

[another saigon]

17. gee, and the dick lives to see his vision come to fruition

it makes me sick. :puke:

[Uncle Joe]

18. Kicked and recommended.

Thanks for the thread, maddezmom.

[kpete]

20. Halliburton gets letter of intent for Iraq oil (shares rose 9 cents to close at $28.79 Wednesday)

Source: Bloomberg

Halliburton gets letter of intent for Iraq oil



HOUSTON

Halliburton Co. said on Wednesday that it has gotten a letter of intent from Shell Iraq Petroleum Development BV that would make Halliburton the project manager for developing the Majnoon field in southern Iraq.

Halliburton said it wold be working with Nabors Drilling and the Iraq Drilling Company. The contract needs final approval by Iraqi authorities, Halliburton said.

Iraq reached a deal with Shell in January to develop the mammoth oil field, along with partner Petronas, Malaysia's state-run oil company. Shell and Petronas plan to raise production in the field from the current 45,900 barrels per day to 1.8 million barrels per day over 10 years.

Halliburton shares rose 9 cents to close at $28.79 on Wednesday.

Read more: http://www.businessweek.com/ap/financialnews/D9HM532G3.htm

---

*Also to those who are kvetching that we aren't having homecoming parades and patting Obama on the back for ending the war, Miss Manners says it's unseemly for a country to celebrate the end of its illegal invasion of another country. It's best to keep such things understated.
http://digbysblog.blogspot.com/2010/08/mission-accomplished.html

[dixiegrrrrl]

21. Quell surprise.

[BanzaiBonnie]

22. Oh, but being in Iraq is not about oil

What a load of crap! Always was, always will be.

[dflprincess]

23. And how much of this oil money will flow into the U.S. treasury?

I seem to recall that we were told Iraqi oil would cover the money we were wasting there.

[bear425]

24. Let Freedom Reign!

oil

[pgodbold]

25. ROFL Miss Manners is soooo right on that one.

[KansDem]

26. In 2000, two oil men grabbed the White House...

...in a coup d'état. Then Cheney had private energy meetings with the CEOs of oil companies.

Then Bush, who was warned about Osama bin Laden by Bill Clinton and who receives a PDB dated 08.06.01 about OBL wanting to attack in America, sits on his butt and does nothing when 3,000 Americans are murdered on 09.11.01.

And although 15 of the attackers were from Saudi Arabia and two from UAE, we attack Iraq: a country with the second largest oil reserves in the world and a country that had nothing to do with 9/11.

Meanwhile the Bush White House is giving no-bid contracts to Halliburton worth hundreds of billions.

Then, after 7 years in which over a million Iraqis and nearly 5,000 Americans are killed and no WMDs were ever found, the US declares "victory" and Halliburton is declared project manager for developing some of Iraq's oil fields.


Doesn't anyone see a connection here? :shrug:

[AllTooEasy]

28. TO HELL WITH IRAQ if they approve this...

I will have absolutely no sympathy for any terrorist attack that hits them after that.

[alfredo]

33. Nabors Drilling?

[classysassy]

34. All of the skeptics

those republicans that rejected the idea that Bush and Chaney attacked Iraq for their oil,are you still sticking to your story,its not about oil?