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Home >> Iraq News Archive

State Department investigating Iraqi oil contracts (AP)

Fri, 25 Jul 2008 03:18 | Yahoo! News: Iraq

An oil worker climbs the steps of a new oil rig being drilled in the Sakhir, Bahrain, desert during sunset  Thursday, July 24, 2008.  Oil market investors tried but failed to start a rally in crude Thursday, leaving prices hovering below $125 a barrel.  Many energy traders are concerned that the weakening U.S. economy is hurting demand. Analysts say that is helping keep oil prices from racing back higher. (AP Photos/Hasan Jamali)AP - The State Department's inspector general is investigating Iraqi oil contracts after four Democratic senators complained that department employees may have encouraged lucrative oil deals between Iraq and several Western companies.


 
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