Russian Cos In Baghdad To Discuss Saddam-Era Oil Deals

[NNN0LHI]

http://story.news.yahoo.com/news?tmpl=story&cid=808&ncid=808&e=8&u=/dowjones/20040216/bs_dowjones/200402160819000357

BAGHDAD -(Dow Jones)- A delegation of Russian oil companies is in Baghdad for talks with Iraqi oil officials on business deals signed during Saddam Hussein (news - web sites)'s regime, an Iraqi Oil Ministry official said Monday.


The delegation has started talks with Oil Minister Ibrahim Bahr al-Uloum's senior advisor Abdul Saheb Qutob.


"The advisor expresses Iraq (news - web sites)'s desire to maintain cooperation with Russian companies," the official said. "That includes reconstruction of Iraq's oil installations and development of oil fields." snip


Several Russian oil companies signed potentially lucrative deals with Baghdad before the fall of Saddam's regime.

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[grasswire]

1. oh oh

This is precisely why the rush to war. Bushco had to put feet on the ground and secure the oil before those contracts with the French and the Russians took effect.

This is why they couldn't wait.

[sweettater]

2. Anything to do with Peak Oil?

eom