[lbo-talk] Iraq denies cancelling oil contracts with Russia

[Nomiprins at aol.com]

In a message dated 6/4/2003 10:28:41 AM Eastern Daylight Time, 
untimely_thoughts at yahoo.com writes:


> My sources tell me that the deal was cut between Washington and Moscow 
> concerning Russian oil contract in Iraq BEFORE the war started – remember Voloshin
> ’s visit – he doesn’t travel much outside of Russia. One of the reasons the 
> Kremlin could mouth off so much during the war – the deal was already done. 
> 
> 

Interesting. What you and chris say makes sense, but, any thoughts on the 
magnitude of the deal? I mean, Iraq owes Russia $12 billion in debt (according to 
CSIS) but I thought Russian corporations had up to $52 billion in corporate 
contracts pending before the war. Are either of those numbers wildly off? Would 
the deal have been structured to drop the role of Russian companies to a 
sub-contracting rather than prime-contracting one? Would it have just been for a 
portion of Russia's outstanding contracts ? 

Nomi
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