"Deals With Iraq Are Set to Bring Oil Giants Back
BAGHDAD — Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power.
Exxon Mobil, Shell, Total and BP — the original partners in the Iraq Petroleum Company — along with Chevron and a number of smaller oil companies, are in talks with Iraq’s Oil Ministry for no-bid contracts to service Iraq’s largest fields, according to ministry officials, oil company officials and an American diplomat."
Full story at: http://www.nytimes.com/2008/06/19/world/middleeast/19iraq.html?_r=1&ref=world&oref=slogin
It's the "no-bid" portion of this that points out the corruption. The story goes on to say--.
"The no-bid contracts are unusual for the industry, and the offers prevailed over others by more than 40 companies, including companies in Russia, China and India. The contracts, which would run for one to two years and are relatively small by industry standards, would nonetheless give the companies an advantage in bidding on future contracts in a country that many experts consider to be the best hope for a large-scale increase in oil production."
This is exactly what I said would happen before the war started. Big Oil wants access to Iraqi oil fields so badly they can taste it, and a compliant Iraqi client state is the way to get it, no matter how many lives it costs.