[Peace-discuss] now here's a surprise

[Ricky Baldwin]

The Times (London)

April 25, 2003

Former Shell chief 'to run Iraqi oil industry' 

by afp in paris

The United States will next week appoint a former head
of Shell Oil to run Iraq's oil industry, it was
reported today.

"The US Government is setting up Iraq's oil industry
to
run much like an American corporation, with a chief
executive and management team vetted by US officials
who would answer to a multinational board of
advisers,"
the Wall Street Journal Europe reported.

The advisory board would be chaired by Philip J
Carroll, a former chief executive of Shell Oil, the US
unit of the Dutch-British oil giant Royal Dutch/Shell,
the newspaper reported.

Mr Carroll would work closely with an Iraqi vice-
chairman, expected to be Fadil Othman, who worked as
an
Iraqi oil executive before Saddam Hussein came to
power.

The interim management team would be composed of
current and former Iraqi oil sector officials, the
newspaper said.

Newly appointed executives would answer to the
advisory
board which in turn would answer to Jay Garner, the US
civil administrator for Iraq.

The chief executive, who would have basically the same
role as former oil ministers and would also have a
seat
on the advisory board, would represent Iraq at the
Organisation of Petroleum Exporting Countries.

Washington has been the subject of sharp criticism
that
one of the motivations behind its military campaign in
Iraq was to gain control of Iraq's oil reserves,
estimated to be the second-biggest in the world after
those of Saudi Arabia.

http://www.timesonline.co.uk/article/0,,1-658894,00.html



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