Saturday, November 8, 2008

Pentagon hands Shell 25-year monopoly on S. Iraq's gas

Royal Dutch Shell oil company and the Iraqi Oil Ministry have struck a secret, as-of-yet non-binding agreement that gives a monopoly over southern Iraq's natural gas to the energy giant. It marks the first time in over 35 years a Western oil company has played a major role in the country's most lucrative industry.

read more | digg story

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