Organized plunder: Kurdistan's profits go to American parties and companies
Kurdistan's Oil Profits: American Companies & Local Elites Plunder Iraq's Wealthlink to My FX Buddies Blog
Organized Plunder? A major scandal is erupting over oil contracts in Iraq’s Kurdistan region. According to economic analyst Ahmed Al-Waili, secret and unconstitutional clauses in deals with American companies are siphoning 75% of oil profits to ruling parties and foreign firms — with zero benefit to Iraq’s state treasury.
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