By Antonia Juhasz, AlterNet
Posted on November 14, 2009, Printed on November 14, 2009
http://www.alternet.org/story/143879/
Last week, ExxonMobil became the first U.S. oil company in 35 years to sign an oil-production contract with the government of Iraq.
As I write, several other contracts with the world’s largest oil companies are being finalized, and more are expected when a new negotiating round kicks off in Baghdad on Dec. 11.
Do these contracts represent a "victory" for Big Oil in Iraq? Yes, but not one as big as the companies had hoped for (at least, not yet).
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