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September 09, 2008
"War for oil" finally pays off
Shell just got the first Iraqi contract signed with a western company.
Anglo-Dutch energy giant Royal Dutch Shell has agreed to a gas joint venture with Iraq worth up to four billion dollars, the Iraqi oil ministry said Tuesday, becoming the first Western oil major to gain access to the violence-wracked country's vast energy reserves...
Oh, wait, I've just been informed that Shell isn't an American oil company. Sorry about that. My bad. "War for oil" paydays will remain pending.