Shell profits from Iraq war

This video from the USA about the Iraq war is called Bill Moyers: It Was Oil, All Along.

From Associated Press today:

Shell-Petronas win Iraq‘s Majnoon oil deal

By SINAN SALAHEDDIN – 38 minutes ago

BAGHDAD — A consortium led by European oil giant Shell has won the rights to develop Iraq‘s giant Majnoon oil field, an almost 13 billion barrel behemoth that is the largest on offer in the country’s second international oil auction.

Iraqi Oil Minister Hussain al-Shahristani said Friday that Shell and Malaysia’s state-run oil company, Petronas, beat out another consortium grouping France’s Total SA and China National Petroleum Corp.

Majnoon is one of 15 fields on offer.

The deal marks a solid start to Iraq‘s second international oil licensing round.

“Solid” for foreign oil monopoly capitalists. Not so for the Iraqi people. So, this is where Dutch and British soldiers have died for and got PTSD for in Iraq: the profits of Anglo-Dutch Shell.

Pentagon Hands Iraq Oil Deal to Shell: here.

20 thoughts on “Shell profits from Iraq war

  1. BP boasts about bumper profits

    Economy: Oil firm BP has boasted that it had seen a “very good” 2009 despite missing City forecasts for the last three months of the year.

    The British firm, which saw annual profits slump by almost half amid lower oil prices, said its final quarter surplus had risen 33 per cent to £2.16 billion.

    BP has seen a jump in production over the year, which could be the result of its successful bid to take over Iraq’s “monster” oil field, Rumaila, last June.


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