Paris Wants to Catch Up in Iraq
Far behind London and Washington in the scramble for contracts in Iraq, Paris has set up a system to back its corporations in Baghdad. [...]
BP, also referred to be its former name British Petroleum, is a British multinational in the oil and gas business. It has oil operations in more than 70 countries and it produces 3.3 million barrels of oil a day.
With their companies virtually bankrupt, the Saudi magnates Sulaiman Al Gosabi and Maan Al Sanea have thrown themselves into an internecine battle that could well tarnish the country's political leadership and scare investors away from Riyadh. Having lent colossal sums [...]
Faced with American and British groups that have profited from their countries’ commitment to Baghdad, French companies are having to fight to avoid being totally cut out of the huge Iraqi market. France’s good relations with Arbil hold out prospects [...]