[lbo-talk] US Ambassador on Russian Oil Contracts with Iraq

[Nomiprins at aol.com]

In a message dated 4/29/2003 4:22:31 PM Eastern Daylight Time, 
dhenwood at panix.com writes:


> $50-100m as in million? Is that a misprint? That's not even pocket change.
> 
> 

Got to be a misprint. Should be $50-$100 bln. 

Right now, Iraq has over $52 billion outstanding contracts with Russian 
companies, according to the Center for Strategic and International Studies in 
DC. I can't imagine the US is going to let those stand. Apparently, the US is 
reviewing the legality of those contracts at the moment. 

There's no way the US will let half of their anticipated reconstruction 
costs, go to Russian, mostly oil and energy, companies. There's a better 
chance the US works out sub-contracting arrangments with Russian companies, 
but for a fraction of what Russia's current contracts are worth.
Nomi
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