IsraPundit

WE'VE MOVED! IsraPundit has relocated to www.israpundit.com. Click here to go there now.
News and views on Israel, Zionism and the war on terrorism.

March 14, 2003

Why do France and Russia love Saddam?

"How much oil could Iraq potentially pump? The U.S. Department of Energy's Energy Information Administration (EIA) says Iraq--planning ahead for the end of U.N. sanctions someday--has signed several deals with oil companies such as TotalFinaElf (nyse: TOT - news - people ) and Taftneft in Russia worth an estimated $38 billion that in theory could push Iraq's daily production capacity to 4.7 million barrels per day. But those deals will not likely bear fruit. "

Ah, money maybe? Not much other info in the Forbes article the quote is from.