Showing posts with label firms. Show all posts
Showing posts with label firms. Show all posts

Wednesday, November 26, 2014

Secret memos expose link between oil firms and invasion of Iraq

The Independent has a report on discussions between the British government and BP in the lead up to the Iraq war - Secret memos expose link between oil firms and invasion of Iraq. Hands up if you are surprised by this. More at Empty Wheel and Patrick Cockburn at The Independent - They denied it was about Iraqs resources. But it never rang true, along with another article at The Indy on Iraqs "untapped potential" - Black gold rush was fuelled by enormous untapped potential.
Plans to exploit Iraqs oil reserves were discussed by government ministers and the worlds largest oil companies the year before Britain took a leading role in invading Iraq, government documents show.

The papers, revealed here for the first time, raise new questions over Britains involvement in the war, which had divided Tony Blairs cabinet and was voted through only after his claims that Saddam Hussein had weapons of mass destruction.

The minutes of a series of meetings between ministers and senior oil executives are at odds with the public denials of self-interest from oil companies and Western governments at the time.

The documents were not offered as evidence in the ongoing Chilcot Inquiry into the UKs involvement in the Iraq war. In March 2003, just before Britain went to war, Shell denounced reports that it had held talks with Downing Street about Iraqi oil as "highly inaccurate". BP denied that it had any "strategic interest" in Iraq, while Tony Blair described "the oil conspiracy theory" as "the most absurd".

But documents from October and November the previous year paint a very different picture.

Five months before the March 2003 invasion, Baroness Symons, then the Trade Minister, told BP that the Government believed British energy firms should be given a share of Iraqs enormous oil and gas reserves as a reward for Tony Blairs military commitment to US plans for regime change.

The papers show that Lady Symons agreed to lobby the Bush administration on BPs behalf because the oil giant feared it was being "locked out" of deals that Washington was quietly striking with US, French and Russian governments and their energy firms.

Minutes of a meeting with BP, Shell and BG (formerly British Gas) on 31 October 2002 read: "Baroness Symons agreed that it would be difficult to justify British companies losing out in Iraq in that way if the UK had itself been a conspicuous supporter of the US government throughout the crisis."

The minister then promised to "report back to the companies before Christmas" on her lobbying efforts.

The Foreign Office invited BP in on 6 November 2002 to talk about opportunities in Iraq "post regime change". Its minutes state: "Iraq is the big oil prospect. BP is desperate to get in there and anxious that political deals should not deny them the opportunity."

After another meeting, this one in October 2002, the Foreign Offices Middle East director at the time, Edward Chaplin, noted: "Shell and BP could not afford not to have a stake in [Iraq] for the sake of their long-term future... We were determined to get a fair slice of the action for UK companies in a post-Saddam Iraq."

Whereas BP was insisting in public that it had "no strategic interest" in Iraq, in private it told the Foreign Office that Iraq was "more important than anything weve seen for a long time".

BP was concerned that if Washington allowed TotalFinaElfs existing contact with Saddam Hussein to stand after the invasion it would make the French conglomerate the worlds leading oil company. BP told the Government it was willing to take "big risks" to get a share of the Iraqi reserves, the second largest in the world.

Over 1,000 documents were obtained under Freedom of Information over five years by the oil campaigner Greg Muttitt. They reveal that at least five meetings were held between civil servants, ministers and BP and Shell in late 2002.

The 20-year contracts signed in the wake of the invasion were the largest in the history of the oil industry. They covered half of Iraqs reserves – 60 billion barrels of oil, bought up by companies such as BP and CNPC (China National Petroleum Company), whose joint consortium alone stands to make £403m ($658m) profit per year from the Rumaila field in southern Iraq.

Last week, Iraq raised its oil output to the highest level for almost decade, 2.7 million barrels a day – seen as especially important at the moment given the regional volatility and loss of Libyan output. Many opponents of the war suspected that one of Washingtons main ambitions in invading Iraq was to secure a cheap and plentiful source of oil.

Read More..

Wednesday, October 1, 2014

Japanese firms considering geothermal plants in Fukushima

Reuters has a report on interest in developing geothermal power stations in the Fukushima area - Japanese firms considering geothermal plants in Fukushima.
Japanese firms are looking at building several geothermal plants in a volcanic zone in the area worst hit by last years nuclear disaster, a project that could gain momentum after the government eased restrictions on drilling this week.

The head of a group of firms that have studied the potential of a geothermal project in Fukushima said on Friday a consortium of about 10 companies would meet local people by early May to explain their plans to build plants with a total capacity of 270 megawatts, which would be Japans biggest.

The consortium plans to work with local communities, including those who run hotels and inns at hot springs, to develop geothermal energy, Masaho Adachi, the chairman of Japan Geothermal Developers Council said.

The council has already held a meeting with local government officials in the central zone of Fukushima, home to the nuclear plant crippled by an earthquake and tsumani last year, he said.

Along with high costs, protests by local communities fearful of the impact of a geothermal plant on hot springs have prevented such projects from taking off in the past.

"We should spend together a period of more than 10 years before having geothermal plants running," he said in an interview with Reuters on Friday, referring to activities such as collecting data, test drilling and environment assessment. Adachi declined to name the companies forming the consortium.

The Nikkei newspaper earlier said that the Fukushima project by a consortium of companies including Idemitsu Kosan Co and Inpex Corp would cost around 100 billion yen ($1.2 billion), with operations set to start in 2020.

Since the crisis, interest in renewable energy has jumped and a government subsidy scheme, similar to those in many countries in Europe, to force utilities to buy renewable electricity is due to start in July. ...

Studies show Japan, a land of volcanoes, ranks as the worlds third-richest nation in geothermal power. A government study last year showed it has the potential for business to derive 14,000 MW of energy, but it currently has only 540 MW worth of commercial plants due to restrictions on development in national parks, where most resources lie.
Read More..