This video is called Iraq oil wealth eludes poor – 03 Nov 09.
From Al Jazeera:
The contract signed on Tuesday is to develop the country’s southern Rumaila oilfield, one of the world’s biggest. …
Rumaila, with 17 billion barrels in estimated crude reserves, is the workhorse of Iraq’s oil industry, producing almost half its total output of 2.5 million barrels per day. …
But Isam al-Chalabi, the country’s former oil minister, criticised the deal, saying it had opened the country up to further exploitation by foreigners and that ordinary Iraqis would not benefit.
“It is one of the biggest mistakes that he current government is making,” the former oil minister told Al Jazeera.
“If they needed technical support for the revamping of the reservoir, they should have gone to service providing companies, not international oil companies.
“Now they are coming to Rumaila, one of the largest-ever producing fields in the world, and soon you will hear from other companies who are also going to catch other fields, like Zubair, the West Qurna, Majnoon and the rest.”
Al-Chalabi said: “Iraqis will certainly not benefit from the oil revenue, the government is going to take the money and spend it the way they want.
“These companies claim they are going to use local labour, but they definitely will not. …
A second auction of 10 largely undeveloped oilfields will be held between December 11-12.
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