Bush Iraq Oil

I thought Bush went to Iraq for oil? Where the heck is the left on this?

From BreitBart and the AP.

"Iraq approves oil deal with BP-led consortium
Oct 17 05:58 AM US/Eastern

BAGHDAD (AP) - Iraq's government has approved an oil deal with a consortium led by British giant BP PLC to develop a prized oil field in the south.

BP and its partner China's CNPC were the only winners in Iraq's first international oil auction in over 30 years in June for development rights for the 17.8 billion-barrel Rumaila field.

Government spokesman Ali al-Dabbagh told The Associated Press Saturday the Cabinet approved the deal Friday. He did not provide further details.

BP will hold a 38 percent stake in the venture, while CNPC will have a 37 percent share. Iraq's State Oil Marketing Organization will control the rest.

Iraq has the world's third-largest known oil reserves and has been trying to boost production by welcoming foreign investment.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed." Iraq approves oil deal with BP-led consortium