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U.S. Blackmailing Russian Oil Firms to Finance Iraqi Opposition: Report

Tokarev said the U.S. was only after access to Iraq’s vast supplies of cheap oil.

MOSCOW, December 11 (IslamOnline & News Agencies) - The director of a state-owned oil company with interests in Iraq on Tuesday, December 10, accused U.S. companies of attempting to blackmail Russian oil majors into financing Iraqi opposition parties in return for contract guarantees from a post-Saddam Hussein regime.

The Moscow Times quoted Nikolai Tokarev, head of the Zarubezhneft, which has been operating in Iraq since the 1960s as saying that “The Americans have tried to discuss the issue, including at a level of [direct negotiations] with companies.

“They even proposed we should finance the Iraqi opposition in return for being able to continue work there.”

The paper said that the statement reflected “a growing concern among Russian officials and businessmen that a possible U.S. military operation in Iraq could damage Moscow’s economic interests in the country.”

In an interview published in Vremya Novostei on Tuesday, Tokarev said he had turned down such deals as “dishonorable.”

Some other Russian companies, however, have accepted similar U.S. proposals and have become involved in a “dirty game,” he said, without providing further details, reported the paper.

In addition, the paper said that Tokarev slammed the United States for its plans to overthrow Hussein, saying the U.S. government was only after access to Iraq's vast supplies of cheap oil.

“For the Americans this venture, despite all the political rhetoric, is aimed at gaining control over the oil market,” he said, reported the Times.

“Russia fears that a new regime in Iraq might renege on Baghdad’s obligations to pay off its $7 billion Soviet-era debt to Moscow and award lucrative oil contracts to U.S. and other Western companies, snubbing Russian firms,” reported the Times.

It added that U.S. President George W. Bush has assured President Vladimir Putin that Russia will be a major player in building a postwar Iraq, U.S. officials say, but that Tokarev and other Russian businessmen remain distrustful.

According to Iraqi officials, Russian oil companies account for 35 percent to 40 percent of Iraqi oil exported under the U.N. oil-for-food program, said the paper, adding that Tokarev said the rigid, U.N.-prescribed pricing policy had made business difficult.

He added that his company, together with another state oil company, Rosneft, was discussing a contract to develop oil fields near the port of Basra in southern Iraq.

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