Nations with vast oil wealth gaining clout
Daniel Galli-Miraflores / EPA
Venezuela President Hugo Chavez, left, and Iranian President Mahmud Ahmadineyad greet during a visit to an oil facility in San Tome, Venezuela. Analysts say that in both of these leaders\\\\\\\' countries, oil windfalls could backfire, as political changes cause skilled workers to flee.
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Big Oil's Iraq deals are the greatest stick-up in history
The country's invaders should be paying billions in reparations not using the war as a reason to pillage its richest resource
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If Iraq hopes to increase oil production from the present high of 2.5 to 2.9 million barrels a day by next year, it will need some partnerships with foreign oil companies. Yet the Oil Ministry in Baghdad should proceed with caution. Its invitation for foreign participation must not turn into the bonanza that US oil companies have been waiting for since the 2003 invasion that has plunged the country into chaos.
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A group of American advisers led by a small State Department team played an integral part in drawing up contracts between the Iraqi government and five major Western oil companies
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The South Korean state-run Korea National Oil Corp. secured the exploration rights for eight oil fields in northern Iraqi Kurdistan
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The oil deals brokered between South Korean and Canadian energy firms and the Kurdish government weigh on regional relations officials say
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Subsidiaries of the Canadian firm Talisman Energy signed oil deals with Iraq's Kurdish government to produce oil and gas in the northern Iraqi provinces
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Iraq will pay the winners of a tender to boost production from existing oil fields in cash
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