Iraqi opposition: The priority is for the American companies
Iraq-USA, Politics, 10/18/2002

The spokesman for the Iraqi national congress, al-Sharif Bin Ali Bin al-Hussein, has announced that the congress will reconsider the oil investment contracts, currently given to foreign companies in Iraq. He indicated that priority will be for the greater American companies.

In statements to the press, al-Hussein said the Russian and French contracts will be reconsidered in particular despite the fact that this does not means canceling them spontaneously as it should be taken into consideration that these agreements were signed by a "dictator," in remarks to the Iraqi President Saddam Hussein.

Al-Hussein added that the oil agreements, which are frozen until the lifting of the sanctions imposed by the UN on Iraq, will take into account the new political and diplomatic facts facing the government which will be installed in Baghdad after toppling the Iraqi President Saddam Hussein.

Al-Hussein considers that Iraq lacks a long term wise and practical oil policy. He said that the congress is looking forward to draw a practical program to developing oil investments along ten years. He indicated that the relations with the oil companies has been characterized by confrontation. A fact which obliged oil companies to head for other countries.

Al-Hussein denied that the national congress have had held official talks with any American oil company or with the French one or with the Russian Look Oil who were chosen by Baghdad to develop oil reserves.

Previous Stories:
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