Sunday, January 28, 2007

Chevron to build in Iraq

No apologies for this one...... Why are we in Iraq? The oil, oil, oil, stupid, stupid, stupid.

CCT Iraq is in negotiations with San Ramon-based Chevron Corp. and Exxon Mobil Corp. to build a new $3 billion petrochemical facility, and is in talks with several other Western companies over industrial projects.

In an interview Thursday, Fowzi Hariri, Iraq's minister for industry and minerals, said the discussions with Chevron and Exxon began this week in Washington and are at an early stage.

"It will be one or the other company for this new facility, not both," he said. "We're hoping to have a (Memorandum of Understanding) in place by about July."...