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State Department investigating Iraqi oil contracts
Complaints by four Democratic senators have led State Department Inspector General Harold Geisel to investigate whether department employees encouraged lucrative oil deals between Iraq and U.S.-based companies.
Such deals would violate Bush administration policy which discourages deals until Iraq’s government establishes a system to fairly distribute profits among various provinces.
“We are concerned that U.S. policy regarding these oil contracts has not been clearly defined, communicated or consistently implemented by the Iraqi government, the Kurdistan Regional Government and international oil companies seeking to do business in Iraq,” Sens. Carl Levin of Michigan, Chuck Schumer of New York, John Kerry of Massachusetts and Claire McCaskill of Missouri said in their July 16 letter.
For more on the investigation, click here.
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