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Friday, August 27, 2010

This is what 4.416 American soldiers gave their lives for
Posted by Jill | 5:20 AM
I want an apology from every fucking wingnut who insisted we were not in Iraq for oil and to line Dick Cheney's pockets:

Further to our report last week Halliburton has confirmed that it has been awarded a letter of intent by Shell Iraq Petroleum Development B.V. for the development of the Majnoon field in Southern Iraq.

Dow Jones suggests the contract for the 15 wells could be worth $150m.

The giant Majnoon field is one of the world’s largest oilfields. The letter of intent provides that Halliburton will serve as project manager for the development work, in affiliation with Nabors Drilling and Iraq Drilling Company (IDC). The contract is still subject to final approval by the appropriate Iraqi authorities.

Shell is lead operator and holds a 45 percent share, partner Petroliam Nasional Berhad (Petronas) holds 30 percent and the Iraqi state holds 25 percent of the participating interests in all licenses. Shell has announced that the consortium intends to increase production from the current ~45,000 barrels of oil per day to a targeted production plateau of 1.8 million barrels of oil per day.

“Halliburton has made a sizeable investment in Iraq and we look forward to providing services to Shell and the consortium in order to increase production at this historic oil field,” said Dave Lesar, Halliburton’s Chairman, President and CEO. “We have in place the technology, equipment and personnel to ensure that we deliver the solutions that will help our customers in this region to meet their production goals.”

Halliburton has been active in the Middle East since 1946. Currently, Halliburton has more than 4,000 employees in the Middle East, and construction on phase I of Halliburton’s 400-man base in Burjisia, Iraq is complete.

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Anonymous Anonymous said...
HALLIBURTON made a sizable investment in Iraq??? No, I think the American people did, in terms of lives and treasure--a good part of which Halliburton siphoned off through shoddy workmanship and outright fraud.

Well, it's nice to know all those Americans and Iraqis died to preserve our right to blast down a highway at 85 MPH in a Chevy Suburban...