An American Company that had the contract to install meters for the oil wells in the south have or are about have their contracts cancelled according to the Oil Ministry. They either don’t have any meters or have meters but they don’t work. So I am wondering how do the Iraq Oil Ministry know how much oil is being exported if your meters are missing or not working properly. Read my oil mafia article, I think it is in there favor if the meters don’t work get it.
ACDC sources say that the Oil Ministry is reconsidering Chinese company contracts in the oil industry. You should have known, the Russians and the Chinese have energy contracts in Iran worth billions. And now both are coming into Iraq to get a foot print there.
Do you blame them, if something say was supposedly going to happen in Iran in regards to there Nuclear reactor, I know what there thinking, lets hedge ourselves my Chinese friends by obtaining an oil contract in Iraq. I lose Iran contracts and I gained an Iraq energy contract. It’s all about business and I sure hope the Russians got paid upfront for the contracts in Iran.