Iraq War: Not About Oil, but Euros vs. Dollars

ChrisD(RJ) chrisd at russiajournal.com
Tue Apr 1 23:28:25 PST 2003


There is a "fact sheet" circulating on the net that states Saudi Arabia has the most oil and Iraq comes in second. Is that wrong? I thought Russia had companies in Iraq exploring oil fields already.

Marta --- Russia's proven oil reserves are something like 1/4 Saudi's.

Yes, Russia has long-term oil contracts with Iraq, and the Iraqi oil industry uses Russian technology.



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