Tuesday, May 27, 2003



To the victor, the spoils?

The US-run Iraqi administration has started cancelling foreign oil contracts. So far they've cancelled contracts with Russia and China - neither of whom backed the US invasion - and France is almost certainly on the list as well. The de-facto oil minister says that all contracts will be "re-evaluated", but is anyone in any doubt about who is going to get them in the end?

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