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Back to To the Point

To the Point

Was the Iraq War about Oil after All?

Iraq has the fourth largest known oil reserves in the world. Big western oil companies were in charge of development until 1972, when Saddam Hussein seized their assets and threw them out of the country.  Now, 36 years later, the big Western oil companies are coming back.

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By Warren Olney • May 12, 2014 • 1 min read

Iraq has the fourth largest known oil reserves in the world. Big western oil companies were in charge of development until 1972, when Saddam Hussein seized their assets and threw them out of the country. Now, 36 years later, the big Western oil companies are coming back. The Maliki government has agreed to sign no-bid service contracts with ExxonMobile, Chevron, British Petroleum, Dutch Shell and the French company, Total, providing a long-term advantage when production increases. Companies from Russia, China and India are not in on the deal. Can the Kurds, Sunnis and Shiites agree on sharing the proceeds? Will US troops be required to maintain security?

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Frances Anderton

    architecture critic and author

  • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

    Sonya Geis

    Senior Managing Editor

  • KCRW placeholder

    Christian Bordal

    Managing Producer, Greater LA

  • KCRW placeholder

    David Kirsch

    former Energy Analyst, US State Department

  • KCRW placeholder

    Naomi Klein

    Journalist and writer

  • KCRW placeholder

    Fadhil Chalabi

    former Iraqi Under Secretary of Oil

    NewsNationalPolitics
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