Who has oil deals with Saddam

Crescent Petroleum (Ratawi and WDB 5); Romania's Petrom (WDB4 and Khurmal); a consortium from South Korea (Halfaya and WDB7); Spain's Repsol (WDB4); Taiwan's CPC (Gharraf); Tunisia's Setcar (field development); Vietnam's Petrovietnam for a 2-billion-barrel field., PolicyWatch, oil">

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Who has oil deals with Saddam

These are the companies that are recipients of selected oil deals granted by Saddam Hussein, as at late 1997, grouped by country. The deals cannot take effect until sanctions on Iraq are lifted. (Deals under negotiations are in brackets).

West Qurna, Majnoon, Nahr Umar and North Rumaila are the four biggest fields with proven reserves of up to 8 billion barrels. Halfaya has proven reserves of 2-3 billion barrels, while Ratawi, Nasiriyah, Gharraf, Al-Ahdab and Tuba are progressively smaller.

Russia: Lukoil, Zarubezhneft, Machinoimport for a US$4 billion deal to develop West Qurna field; Zarubezhneft and Rosneft for oil drilling; Lukoil (for station six of West Qurna); Machinoimport (for Luhais and Suba fields); Zarubezhneft and Machinoimport (for North Ramaila field); Lukoil, Machinoimport, Zarubezhneft and Tatameft (for North Rumaila’s water facilities); Kondpetroleum and Sidanko (for Rafidain field).

France: Elf Aquitaine (for Majnoon field); Total (for Nahr ‘Umar field); Gaz de France (for a US$1.7 billion pipeline from Iraq to Turkey).

China: China National Petroleum Corporation (CNPC) and Norinco for a US$1.2 billion deal for Al-Ahdab field; CNPC (for Western Desert Block (WDB) 5 and Luhais, Suba and Halfaya fields); Norinco and Sinochem (for Rafidain field).

Germany: Preussag for technical studies for Al-Ahdab (and exploration for WDB2); Deminex (for WDB1).

Canada: Chauvco Resources (for Ain Zalah field); International Petroleum Corporation (for Hamrin field); Escondido and CanOxy (for Ratawi field); Escondido and CanOxy (for WDB5); TransCanada Pipelines (for Mansuriyah field).

Japan: Mitsubishi Corporation, Inpex, Idemitsu and Sumitomo (for various fields); Japex (for Gharraf field).

The Netherlands: Shell (for Ratawi and WDB8); Lamaj (for Luhais and Suba fields).

Turkey: Botas, TPAO and Tekfen have a US$2.5 billion deal for Mansuriyah field; TPAO (for Gharraf and WDB4).

India: ONGC (Tuba); Reliance Industries (on field development); an unspecified Indian firm (for WDB8).

Miscellaneous: Algeria’s Sonatrach (WDB6, WDB7 and Tuba fields); Australia’s BHP (Halfaya and WDB6); Belgium’s Petrofina (Al-Ahdab and WDB2); a firm from Czechoslovakia (Hamrin); Finland’s Neste Oy (field development); Greece’s Kriti (Gharraf); Hungary’s Hanpetro (WDB3) and another Hungarian firm (Halfaya); Indonesia’s Pertamina (Tuba and WDB3); Italy’s Agip (WDB1 and Nasiriyah); Malaysia’s Petronas (Ratawi and WDB2); Norway’s Statoil (WDB 1); Pakistan’s Crescent Petroleum (Ratawi and WDB 5); Romania’s Petrom (WDB4 and Khurmal); a consortium from South Korea (Halfaya and WDB7); Spain’s Repsol (WDB4); Taiwan’s CPC (Gharraf); Tunisia’s Setcar (field development); Vietnam’s Petrovietnam for a 2-billion-barrel field.

Source: PolicyWatch No. 283 compiled from major Western sources.

From Green Left Weekly, March 5, 2003.
Visit the Green Left Weekly home page.

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