IRAQ WILL COLLAPSE WITHOUT HCL SOON Iraq will collapse if oil and gas law is not put in place
Tuesday, Dec 20, 2011
Gulf News Online
As a result Exxon was commissioned to develop oil and gas in six locations in the northern region of Iraq, sadly without the consent of Baghdad. All this is taking place as the country is on the threshold of a new era, without US troops on the ground. Some may think that the US is standing behind Exxon as its interests are the same as those of Washington.
However, that is not the case today.
The US State Department said lately that it had warned ExxonMobil and other US firms of the risks of signing contracts in Iraq without nationwide approval, but would not say whether it talked with Exxon before it struck the controversial oil deal in the Kurdistan region.
Because many people see ExxonMobil as an extension of the US State Department, some analysts believe the deal must have been approved by it.
At a media briefing, the State Department denied any knowledge of the Exxon deal and stressed that it did not encourage any oil company to strike deals bilaterally with governorates. The bottom line: deals have to be signed with the central government.
Read more: [link to dinarvets.com