Blood For Oil! Ctd

Joel Wing puts the report in context:

A new article in the Independent about British energy companies lobbying Tony Blair’s government to allow them access to Iraq’s petroleum after the invasion only added to this popular idea. What’s not asked is what actually happened in Iraq after the invasion to see whether foreign companies snatched up the country’s resources or not. In fact, eight years after the fall of Saddam Hussein, petroleum remains a state-run rather than private business. …Baghdad did not sign a foreign oil deal until 2008. That and the following ones offered in 2009 greatly favored the government rather than the companies, and all of the deals were joint ventures.