"War for oil"... maybe we were wrong?

[bears]

A BP-led consortium including the Chinese National Petroleum Corp. (CNPC), was the only foreign group to strike a deal for the 17-billion barrel Rumaila oilfield, Iraq's biggest, in the Shi'ite south.

The deal only went down after an ExxonMobil-led group rejected the government's proposed fee.

The Oil Ministry failed to find takers for another huge field, Kirkuk, and for the smaller Bai Hassan, Maysan and Zubair fields, after Chinese, Italian, British and U.S.-led consortia rejected its terms. The companies also wanted a much higher fee for each extra barrel produced than it was willing to pay.

No bids were received for Iraq's Mansuriyah gas field and no deal was agreed on the Akkas gas field.

[Hugo Chavez]

A BP-led consortium including the Chinese National Petroleum Corp. (CNPC), was the only foreign group to strike a deal for the 17-billion barrel Rumaila oilfield, Iraq's biggest, in the Shi'ite south.

The deal only went down after an ExxonMobil-led group rejected the government's proposed fee.

The Oil Ministry failed to find takers for another huge field, Kirkuk, and for the smaller Bai Hassan, Maysan and Zubair fields, after Chinese, Italian, British and U.S.-led consortia rejected its terms. The companies also wanted a much higher fee for each extra barrel produced than it was willing to pay.

No bids were received for Iraq's Mansuriyah gas field and no deal was agreed on the Akkas gas field.

well there you have it.  Link please?

[headhuntersix]

You mean if Hugo won it, the bases would close?  That's even funnier!  I mean that was how 240 posed the irony.  Bases around the fields owned by X....

No...when the nutbags come for his oil folks. We're not gonna help. Further he will have to hire a PMC. We made the rules concerning PMC's so he'll have to hire a Western firm, most likely a Brit firm. Either way he has to play ball with us.