| Date: | Monday May 26, @03:14PM |
|---|---|
| Author: | ewing2001 |
| Topic: | Corporate Crime |
| from the dept. | |
http://news.bbc.co.uk/1/hi/business/2937702.stm
Monday, 26 May, 2003
"...The US-run Iraqi administration has cancelled or suspended three oil contracts with Russian and Chinese firms signed by the ousted government of Saddam Hussein.
Thamir Ghadhban, the US-appointed de facto Iraqi oil minister, said on Saturday all pre-war contracts would be re-evaluated and new deals announced soon.
"We will examine each one on its legal, economic merits," he said.
But he added that Russia's biggest oil company Lukoil had already lost a contract in West Qurna while a Chinese deal to develop the al-Ahdab field was suspended by "mutual agreement".
No details were given about the third contract.
His comments come just days after the UN Security Council lifted sanctions against Iraq..."
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printed from "Iraq" halts Russian and Chinese oil deals on 2004-05-25 21:52:43