Big oil firms may rob Iraq of billions and grab control of its oilfields unless ordinary Iraqis can have a greater say in how their country's riches are tapped, U.S. and British campaigners said on Tuesday.

http://www.informationclearinghouse.info/article11107.htm

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Iraq's oil: The spoils of war

Iraqis face the dire prospect of losing up to $200bn (£116bn) of the wealth of their country if an American-inspired plan to hand over development of its oil reserves to US and British multinationals comes into force next year.

http://news.independent.co.uk/world/middle_east/article328526.ece


From Information Clearing House

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The Battle Against Fraud

Mr. Stein accepted over $200,000 a month to steer contracts to an American businessman whose companies often did poor work and sometimes did no work at all. - Officials at the Office of the Special Inspector General for Iraq Reconstruction say they are pursuing 50 more cases and have already referred at least six more to prosecutors.

http://www.informationclearinghouse.info/article11114.htm