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300,000 barrels of crude Oil Stolen By British In Iraq

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PostPosted: Sun May 27, 2007 9:36 pm    Post subject: 300,000 barrels of crude Oil Stolen By British In Iraq Reply with quote

YariLosAngeles@aol.com wrote:

The "Master Plan" of stealing 300,000 barrels of crude oil per day!
Bear in mind! Since 2004 US Accounting Office has asked the Brit's who control the exporting ports of Basra what has happened?

Never got an answer! No one knows why the measuring counters were smashed and to this date is not replaced!

Do you recall the famous inflatable hostage taking? Supposedly, they must check the ships for counter band and look out for any smuggling.

The British had the port, the inspection at the loading docks and in the Persian Gulf. Who can you blame for this horrendous theft?

The theft is 10% of all Iraqi oil export!

Oil Stolen: Explanations and Possibilities
Walid Khadduri Al-Hayat - 20/05/07//


Between 100,000 and 300,000 barrels a day of Iraq's crude oil production over the past four years is unaccounted for and could have been embezzled, said a report published by the 'New York Times' based on leaks from a government circle. Using an average of $50 a barrel and an average of 200,000 stolen barrels of oil a day, the report said the discrepancy was valued at $10 million daily.

According to the newspaper, the report is a draft of a final report prepared by the Government Accountability Office (GAO) that will be issued this week and is the most comprehensive of its kind. It should be noted that the Public Integrity Office in the Iraqi Oil Ministry and the US Army Inspector General Office published reports of similar results.

However, the last report did not reach a conclusion about what happened to the missing oil. Instead, it suggested different interpretations, in addition to corruption and smuggling, including the risk of overstatement in the quantity of Iraqi oil production, which accounts for about 2 million bpd, or leaks, which take place due to sabotage of pipelines. The newspaper quoted a State Department official who works on energy issues as saying that that there were several possible explanations for the discrepancy, including the loss of oil through sabotage of pipelines and inaccurate reporting of production in southern Iraq, where engineers may not properly account for water that is pumped along with oil in the fields there. "It could also be theft," the official said, with suspicion falling primarily on Shiite armed militias in the south.

The timing of the report is very important. The Iraqi Parliament will discuss in the coming days a draft law on oil, which will significantly reduce the power of the Oil Ministry in Baghdad and its responsibility and oversight over the overall operations of oil in the country, assigning the process instead to regional, provincial and local officials. The US administration has repeatedly practiced public pressure on the Iraqi government to pass this law, despite the opposition of Iraqi oil experts and some political parties.

There are certain methods that have become known for stealing Iraqi oil, including changing the stevedoring bills, manipulating the quantity of oil that supply tankers, especially with the absence of necessary counting equipment, smuggling through small ports designed for this purpose on the Shatt al-Arab, and extending subsidiary pipelines to steal the largest possible quantity of oil from the main State-owned pipelines. Such operations are carried out by armed gangs, militias affiliated to the political parties or corrupt staff.

The amount of stolen oil is so huge that it could not be done by only one group. There should be several small and large groups, which are influential, supported and distributed in different regions of the country. If we assume that the figures of the missing oil in this report are correct, even though they are huge and unprecedented in any oil-producing country - Nigeria was considered the most corrupt in this field in the past - the report regretfully puts Iraq at the first rank.

The main question that has not been addressed by the report is why this state of chaos and looting after all these years of occupation? Where are the fleets in the northern Gulf, which could not put an end to smuggling operations that are supposed not to be carried out in secret? Why do the local authorities or the occupation forces fail to blame the groups responsible for the largest oil-smuggling operations in the history of this global industry? How could Iraq succeed in re-building a modern oil industry while 10% of its oil output is systematically and publicly stolen on a daily basis?
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PostPosted: Mon May 28, 2007 1:07 pm    Post subject: Iraq's oil wealth is being stolen Reply with quote

Iraq's oil wealth is being stolen

Tuesday May 15, 2007
The Guardian

The war in Iraq has brought enormous suffering to the Iraqi people, with an estimated 655,000 Iraqis killed and millions more displaced. Even so, some companies - such as Shell - are hoping to profit from this suffering. Indeed, since March 2003, Shell has been working closely with the occupying powers to create a framework that will allow multinational companies to take control of Iraq's oil. Thus, for example, British officials advised the International Tax and Investment Centre - a lobby group working on behalf of BP, Shell, ExxonMobil, Chevron, Total and ENI - on their strategy for influencing the Iraqi government, formally sent ITIC's document to the Iraqi finance minister, and helped arrange a meeting at which Shell managers met ministers and officials.
Needless to say, Shell had little difficulty in persuading the two governments of this approach. There has long been a revolving door between Shell and the Foreign Office. Four of the last five permanent heads of the Foreign Office have gone on to become directors of oil and gas companies - two of them at Shell.

The result of this lobbying is the draft oil law before the Iraqi parliament. This could result in multinational oil companies controlling and profiting from most of the country's oilfields for up to 20 years. The first draft was written in July 2006 and was seen by Shell and other oil companies within two weeks. Members of the Iraqi parliament did not see it until eight months later, while Iraqi civil society was excluded together.

Iraq's future is being stolen. Today, as Shell holds its AGM in London and the Netherlands, action should be taken to stop this theft.
Jonathan Stevenson
Hands Off Iraqi Oil
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PostPosted: Fri Jun 01, 2007 12:51 pm    Post subject: The brilliant Benjamin Natanyahu speaks about the shame of B Reply with quote

Banafsheh Zand-Bonazzi wrote:

The brilliant Benjamin Natanyahu speaks about the shame of British academics boycotting Israel (A MUST SEE VIDEO)

Benjamin Netanyahu on the academic boycott


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