Basra leaders threaten lawsuit

Ali Abu Iraq & Ben Lando, Iraq Oil Report, November 24, 2011 Basra - The Basra Provincial Council on Tuesday voted to file a lawsuit challenging the imminent, multi-billion-dollar joint venture between the Iraqi Oil Ministry, Royal Dutch Shell and Mitsubishi. Officials said they wanted more local involvement in the contracting process, particularly in determining compensation policies – one of several key demands that delayed the deal's approval for more than three years, following a September 22, 2008, signing of a Heads of Agreement in Baghdad. Iraq's Cabinet gave final approval to the contract on November 15. ... Basra

Will US Stay in Iraq To Protect Oil Interest?

Antonia Juhasz, TheRealNews, October 14, 2011 Debate about Iraq exit continues as China gives US oil companies cover. ... video