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How Iraq Is Being Robbed Of Its Oil Wealth
Topic Started: Jul 29 2006, 09:25 PM (322 Views)
bravotwozero
Hafidh
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A long read, but worth it. I'd recommend printing it out and reading the whole thing:

Quote:
 
Our key findings are:
 At an oil price of $40 per barrel, Iraq stands to lose between $74 billion and $194 billion over the lifetime of the proposed contracts, from only the first 12 oilfields to be developed. These estimates, based on conservative assumptions, represent between two and seven times the current
Iraqi government budget.

 Under the likely terms of the contracts, oil company rates of return from investing in Iraq would range from 42% to 162%, far in excess of usual industry minimum target of around 12% return on investment.


Link to full report

Executive Summary

Arabic Language Version of Report
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abuturab82
Member Avatar
Administrator
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this looks interesting. i think i might print out copies and sell them at the masjid.

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