1296
Lost and found (lemmy.ml)
you are viewing a single comment's thread
view the rest of the comments
[-] Maggoty@lemmy.world 2 points 1 month ago* (last edited 1 month ago)

Point of order, the Iraqis used a worker action to prevent the US from taking the oil.

Or more specifically, from importing American oil workers and executives to rebuild the oil fields and run them in the near term. The Iraqis had a reasonable fear that they would be squeezed out of the industry and it would return to a Western corporation just taking all the oil, as it was before 1972.

Bush actually backed off and now Iraq administers it's own oil and sells leases like most other countries. Just recently they finalized a deal with Total(France), ACWA(Saudi Arabia), QatarEnergies, and Basra Oil Company (Iraq).

So hopefully it's working out for them long term.

this post was submitted on 11 Oct 2024
1296 points (100.0% liked)

Memes

45666 readers
477 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS