Vitas
Dedicated LVC Member
97silverlsc said:Iraqis Miss Oil Fortune: Report
Australian Financial Review
http://afr.com/articles/2005/11/24/1132703276123.html
Thursday 24 November 2005
Up to $US194 billion ($263 billion) in Iraqi oil revenues are going to multinational oil companies under long-term contracts, and not to the Iraqi people, a social and environmental group said.
In a report, the group known as Platform said that oil multinationals would be paid between $US74 billion and $US194 billion with rates of return of between 42 per cent and 162 per cent under proposed production-sharing agreements, or PSAs....
Blah, blah, blah...
Where do you leftocrats get this NONSENSE?
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"In order to make major quantum increases in oil, we need to have production-sharing agreements, but that has to wait until after the formation of parliament," Iraqi Deputy Prime Minister Ahmad Chalabi said recently.
A new parliament is due to be voted on in December.
http://www.informationclearinghouse.info/article11107.htm