4,347. 1/15/2003

"By January 2003, a plan for [taking control of] Iraqi oil crafted by the State Department and oil majors emerged under the guidance of Amy Myers Jaffe of the James A. Baker III Institute for Public Policy at Rice University. It recommended maintaining the state-owned Iraq National Oil Company, whose origins dated back to 1961–but open it up to foreign investment after an initial period in which U.S.-approved Iraqi managers would supervise the rehabilitation of the war-damaged oil infrastructure. The existence of this group would come to light in a report by the Wall Street Journal on March 3, 2003." [The 15th of the month used for date sorting purposes only.]

 – “How Bush’s Iraqi Oil Grab Went Awry,” The Nation, Sep. 26, 2007, Dilip Hiro, 1/15/2003

Categorised in: Uncategorized

Comments are closed here.