December 30, 2004
New Iraq Signs First Oil Contract
According to this
Sydney Morning Herald report, the Iraqi Oil Ministry has awarded a contract, the first since the fall of Saddam Hussein's regime, to develop the Kormale Dome oil field in the northern province of Irbil. Oil Ministry spokesman Assim Jihad said the contract was a $136 million joint venture agreement among three companies, the Kar Company of Iraq, Turkey's Avrasya, and Britain-based Dynamic Processing Solutions. Kormale Dome is expected to produce 100,000 barrels of oil and 100 million cubic meters of gas per day.
To address the frequent terrorist attacks on pipelines and other facilities, spokesman Jihad said the Ministry would soon open bidding for contracts to provide security services. Naturally, these developments are good news and it's interesting that security is going to be contracted out. Rather than have the government provide security, the Ministry appears to prefer a rental guard force. The relative effectiveness of a private security force will surely be scrutinized.
Companion post at Interested-Participant.
Posted by: Mike Pechar at
08:11 AM
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1
I like the idea of privatizing the army, maybe we should try it here.
Posted by: Libertarian Girl at December 30, 2004 10:22 AM (3/6wO)
2
What an unfortunate last name "Jihad".
Posted by: Digger at December 30, 2004 01:42 PM (FYEx6)
3
WHAT???? No Halliburton????
Posted by: Brian B at December 30, 2004 09:17 PM (CouWh)
4
North Korea has many soldiers who would be glad to work in another country. If they are as good as the ROCs were in Viet Nam they could do the job. Plus being commies they are religion free.
Posted by: greyrooster at January 02, 2005 06:44 AM (eLjJa)
5
The war is already over, the USA has lost. Get over it and support your troops for real and bring them home before more US boys die. You really think the US will be able to build an occupation governemnt beholden to intl corproate oil interests while maintaining legitimacy in eyes of the Iraqi people? Good Luck!
When "support your troops" means "i cant question authority" this does not constitute a virtuous act. 1300+ US troops dead...100,000 Iraqis dead....no end in sight...and not for their oil or strategic interests in the geopolitics of realism.
ernie
Posted by: ernie at January 03, 2005 03:56 AM (ursvs)
6
Ah shit ernie. Those are little figures. We can do much better than that. Sure pull out and let the Islamofacists win. Then fight in another country next year. BULLSHIT. War is lost. BULLSHIT. If 100,000 won't do it. Lets go for 200,000. Put your mouth where your legs are and peddle to work.
HEY EVERYONE!!! Finally found someone who spells worse that I.
Posted by: greyrooster at January 03, 2005 09:07 PM (XioYD)
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