Author Topic: Why Russian support of Iraq (Read 399 times)

Sixpence · « **on:** April 06, 2003, 07:52:47 AM »

I read a post by Boroda and it raised my eyebrow a bit. What Boroda said in his post was that if oil prices dropped that the Russian economy would take a nose dive.And the result of the war in Iraq would drop oil prices.

Now one of the main reasons saddam said he invaded Kuwait was because Kuwait was producing too much oil and dropping the price per barrel.

Could this have lead to secret Russian support in the aggression against Kuwait? If both russia and iraq want the same thing, does it make sense they would have russian support?

Now i'm not very educated in these things, could someone shed a little light on this?

ccvi · « **Reply #1 on:** April 06, 2003, 07:59:16 AM »

On the other hand one could argue that the US is in favour if cheap oil and that this could be the reason for the invasion of Iraq.

bigsky · « **Reply #2 on:** April 06, 2003, 08:24:30 AM »

the way i heard it on the news, was that russia had oil contracs with sadam and he owed them a lot of money. so russia had nothing to gain by war.

Nash · « **Reply #3 on:** April 06, 2003, 08:25:33 AM »

No, in that case ccvi, it's called a (shhh) conspeeeracy.

ccvi · « **Reply #4 on:** April 06, 2003, 08:45:10 AM »

Quote

Originally posted by bigsky
the way i heard it on the news, was that russia had oil contracs with sadam and he owed them a lot of money. so russia had nothing to gain by war.

That sounds very strange.

I'm not sure about the oil reserves in russia and iraq, but my first quess would have been that rather iraq is selling oil to russia than the other way round. Therefore the flow of money would be from russia to iraq. As a result, iraq can't own russia money - just oil. Chances of deliver might increase after the war.

john9001 · « **Reply #5 on:** April 06, 2003, 12:25:32 PM »

under iraq's "oil for food" the UN was the broker for the oil and russia got most of it to resell on the world oil market , so the UN and russia and saddam were making a profit on the "oil for food" programe. No wonder no one wanted to end the "inspections". $$$

Rockstar · « **Reply #6 on:** April 06, 2003, 12:56:03 PM »

Quote

I'm not sure about the oil reserves in russia and iraq,

Russia has more oil in their own backyard than they know what to do with. They certainly do not need Iraqs oil.

Russia, the world's second largest crude exporter, had been aiming for 3.5-4.4 percent growth in 2003 depending on global crude prices but after a strong start officials raised their forecast to 4.5 percent for the year. Russia's economy rose 4.3 percent in 2002.

bigsky · « **Reply #7 on:** April 07, 2003, 12:19:39 AM »

what i mean to say is that russia and france had oil exploration contracts with sadam. there companys would find it, drill it, export it, etc. in return sadam would get cash or stuff( military equipment from russia and other things a middle man could get for him that he could not aquire directly) and he owed the russians money for that stuff already. what i mean to imply was that there motives for not getting rid of the sadam were strictly commercial. those contracts are worthless with sadam out of power and now they have to compete with the U.S. and G.B. who would not trade with sadam. the bickering has already started over the money, U.S. taxpayers money, french govt. wants the un to be in charge of the whole check. so that U.S. companys wont get those profitable contracts to rebiuld iraq so that they, who have played both ends against the middle, still come out on top. at least thats they way i understand facts without the bs
bigsky