Sunday, April 18, 2004

ExxonMobil Awarded Bid for Iraqi Oil

Not surprising:

BAGHDAD - Four European firms and one from the United States were awarded bids for the purchase of six million barrels of oil from Iraq (news - web sites)'s northern fields, a spokesman for the Iraqi oil ministry said.

Assem Jihad said US major ExxonMobil had acquired a third of the offer in its second purchase in a month of oil from the Kirkuk fields.

The others, which each took up one million barrels, were named as Spain's Repsol YPF and Cepsa, Hellenic Petroleum from Greece and Tupras of Turkey.

Of course ExxonMobil has put themselves into an excellent position to receive these contracts:

Since 1992, ExxonMobil has donated at least six times as much as Enron to lobbying government officials, over $41 million. In the 2000 election cycle, the company and its employees donated more than $1.22 million to Bush. They still donated to other candidates, aggregately $150,000. ExxonMobil donates money to make its political friends happy, and in return they receive help from government organizations and access to otherwise restricted lands. They give more money to lobbyists than any other competitor and came in second to campaign contributions next to Enron. In return, they have received over $5 billion in taxpayer subsidies over the last ten years. They have received money from the US Export-Import Bank and the World Bank for a total of $1.17 billion for oil field development in Western Siberia, and the Overseas Private Investment Corporation, from which they received $116 million for oil field development on Russia’s Sakhalin Island. They have received other forms of help from the Bush/Cheney administration such as having a National Energy Strategy drafted, which increased the US reliance on oil and the head of the Inter-Governmental Panel on Climate Change changed.

As if this payola wasn't enough, ExxonMobil have been accused of human rights abuses in Indonesia.

How greedy can these people get? Actually, don't answer that...

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