9 August 2006 More than two months after taking over Iraq’s embattled oil sector and pledging to fight corruption, Iraqi Oil Minister Hussein al-Shahristani is taking timid steps to put the ministry back on track. Al-Shahristani’s first move has been to oust directors-general who were appointed on political merit or as a result of pressure from influential politicians. The purge involves about six employees who were brought in as directors…
Tag: Qazaz
Iraq Takes Heavy Toll on Oil Workers
6 November 2006 Three-and-a-half years after the toppling of Saddam Hussein’s regime in Iraq, some companies that had high hopes of business opportunities are shutting up shop after suffering heavy losses. US engineering giant Bechtel, which carried out $2.3 billion of work for the US in Iraq since April 2003, said last week that it was leaving the war-torn country after a spate of violence that killed 52 workers. Bechtel…