[BITList] Iraq Bans Security Firms on Oil Fields

[x50type at cox.net]

Frank

how much will a private security person make in iraq?

ct

From: franka 
Sent: Wednesday, March 21, 2012 6:34 PM
To: undisclosed-recipients:
Subject: [BITList] Iraq Bans Security Firms on Oil Fields

Sounds more like Iran pulling the strings to me as they are the only ones with anything to gain
frank


Iraq Bans Security Firms on Oil Fields
UPI
|
Monday, March 19, 2012
      With U.S. forces gone from Iraq, Baghdad has banned foreign security contractors, long abhorred by Iraqis, from the 12 major oil fields being developed by international companies, mainly in the south.

      But the government may find that hard to enforce.

      these operatives were forced out of Iraq, it would leave the oil fields and their widespread infrastructure, widely attacked during the post-2003 invasion fighting, highly vulnerable to attack by insurgents.

      This at a time when Baghdad wants to quadruple production to around 12 million barrels per day from the current level of 3 million bpd. Iraq cannot achieve this without the score of oil majors that have signed 20-year production contracts with Baghdad since 2009. The government's whole reconstruction program depends on oil revenues.

      Maliki appears to be seeking to set himself up as dictator controlling a high centralized power structure. To achieve that he will need to develop Iraq's vast energy wealth.

      And to do that, he'll need to keep the foreign oil companies sweet because they're the ones providing the investment capital and the advanced technologies that will make it happen.
     



--------------------------------------------------------------------------------

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.bcn.mythic-beasts.com/pipermail/bitlist/attachments/20120321/9c3d7449/attachment.shtml