Chevron paid off Saddam without Condi noticing!

Interesting that this does not seem to have been picked up by many commentators. Considering all the persons and entities that were given black eyes because of paybacks during the oil for food scandals it seems that Chevron escaped for a long time. As the article notes the 25million will probably not hurt Chevron. It already profited from getting the oil originally and will no doubt be close to the beginning of the queue once the oil law is passed.




May 8, 2007
The Huffington Post


Jeff Ballinger Jeff Ballinger
Bio

05.08.2007
Condi Snoozed While Chevron Paid Off Saddam )

Because she's a Russia scholar, Secretary Rice will be quite familiar with Lenin's term, "useful idiot." Near the end of her decade on Chevron's board (she joined it in 1991 while a professor at Stanford University), the corporation cooked up the very responsible-sounding "The Chevron Way to a Strong Board." As chairman of the "Public Policy Committee," she should have been tuned in to the open secret of kickbacks be

ing paid to Saddam starting in June 2000 (everyone in the industry knew, according to investigators quoted in this morning's International Herald Tribune).
While she left the board to head the National Security Council seven months later, there was plenty of time to keep Chevron from buying millions of barrels of crude from Iraq and sending around $20 million to Saddam's private accounts and "pet projects" like aiding Russian whacko bigot, Vladimir Zhirinovsky.

"The Chevron Way to a Strong Board", after all, emphasized "ensuring that management and the CEO lay the company's problems out on the table," according to CEO at the time, Kenneth Derr. Sounds really thoughtful and, like most Corporate Social Responsibility blather, aimed at concrete problems. Problem is, even the top officials can be faked out or lack interest in flagging the most blatant acts of cupidity.

Chevron will pay around $25 million to settle the charges - an amount the company will recoup hundreds of times over if the Iraq oil law goes forward with Production Sharing Agreements in the legislation.

In a more just world, such a spectacular failure of "Corporate Social Responsibility" would occasion a spate of investigative reports about how other corporations (shoe, apparel, electronics, toys, etc.) are cheating workers or abusing the environment while pledging that contractors are "clean" and "green." Maybe a Democratic candidate will pick up on the issue.

Chevron key sponsor of Iraq Oil, Gas, Petrochemical and Electricity Summit

Perhaps the big players expect the Oil law to have passed through parliament by that time. No word on what is happening to the bill.


Chevron confirmed as key sponsor of Iraq Oil, Gas, Petrochemical & Electricity Summit

Posted: 13-04-2007 , 16:36 GMT


Chevron has confirmed its role as a sponsor of the forthcoming Iraq Oil, Gas, Petrochemical & Electricity Summit, which will take place on 28-30 May 2007.

The summit has been organised to bring together key Iraq Government decision makers in the energy sector and international operators seeking partnership opportunities in both the upstream and downstream industry.

The summit will welcome representation from the Iraqi Ministries of Oil, Industry & Minerals and Electricity, as well as the Iraq Energy Council, Investment Promotion Agency and the Kurdistan Regional Government (KRG) Ministries for Natural Resources, Industry and Electricity. It will also host many of the state companies operating under the Iraqi Ministry of Oil and senior representatives from the Iraq Reconstruction Management Office (IRMO).

This historic landmark event will be the first of its kind for the most important sectors of the Iraqi economy.

Chevron Corporation is one of the world's leading energy companies. With approximately 56,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. Chevron has been a partner in the Middle East for over seven decades with major operations currently in Saudi Arabia, Kuwait, and Qatar.

With the world’s second largest proven oil reserves, Iraq is well positioned to be a major contributor to global energy markets. International companies have the unique opportunity to help Iraq rebuild and develop its energy resources for the benefit of the Iraqi people. With the recent developments around a national hydrocarbon law, the timing of the summit could not be better.

For more information about Chevron, please visit: www.chevron.com










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