gambit
PROFESSIONAL
- Joined
- Apr 28, 2009
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Wrong.Iraq
The countries that benefited from Iraqi oil were Russia and China, with assorted European countries came second.
Perhaps you never heard of the Oil-For-Food scandal that reached all the way to the office of the UN SecGen...???
http://www.economist.com/node/10853611
The US bought Iraqi oil, not because we needed the oil, but because we agreed to the plan that the oil revenue would buy non-military items for Iraq. The oil revenue would be placed in a UNITED NATIONS ADMINISTERED account. We had nothing to do with it....and almost brought down Kofi Annan, its then boss.
https://www.cfr.org/backgrounder/iraq-oil-food-scandal
The entire program got corrupted pretty much from day one of execution.All profits went into special escrow accounts that the United Nations controlled. Because the purpose of the program was to help feed and provide for the basic needs of the Iraqi people, Iraq was not permitted to buy military equipment or so-called dual-use items—items that could potentially be used in banned weapons programs—with its oil proceeds.
The CFR article gives the list of Saddam's approved oil vouchers.
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