<DIV>Nomi</DIV> <DIV> The debt number is the only real number in this case. I don’t know who started the $52 billion figure (Russian companies most likely). Valuing the contracts is very difficult – valuing is based on hope and expectations.  At this time I don’t see the debt issue and oil contracts as being closely related. However, Iraqi debt to <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:country-region><st1:place>Russia</st1:place></st1:country-region> may used by the Kremlin is cancel a portion of Soviet debt to the west.  As for primary contracting and sub-contracting, I think we will see more subcontracting for the Russians. Lastly, “<st1:country-region><st1:place>Iraq</st1:place></st1:country-region> says…..” What does that mean? Who is speaking for <st1:country-region><st1:place>Iraq</st1:place></st1:country-region> at this time? </DIV> <BLOCKQUOTE style="BORDER-LEFT: #1010ff 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px"> </BLOCKQUOTE><hr SIZE=1> Do you Yahoo!? Free <a href="http://us.rd.yahoo.com/mail_us/tag/*http://calendar.yahoo.com">online calendar</a> with sync to Outlook(TM).