US firms profited from Iraq oil under Saddam: report
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US companies and individuals received from Saddam Hussein's government vouchers, which let them buy Iraqi crude under the UN oil-for-food program, The New York Times reported Saturday.
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The immense scope of an Iraqi effort in the late 1990s to curry political support for ending an international trade embargo is reflected in a list of more than 1,300 oil "vouchers" that then-President Saddam Hussein gave to more than a hundred corporations, foreign officials and political parties stretching from North America to Asia, according to a report issued on Wednesday by the CIA's Iraq Survey Group.
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The companies are accused of paying bribes to secure lucrative contracts in Iraq while Saddam Hussein was in power.
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Contradicting the main argument for a war that has cost more than 1,000 American lives, the top U.S. arms inspector reported Wednesday that he found no evidence that Iraq produced any weapons of mass destruction after 1991. The report also says Saddam Hussein's weapons capability weakened during a dozen years of U.N. sanctions before the U.S. invasion last year.
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Less than three months after U.S.-led forces toppled Saddam Hussein, American-appointed Iraqi authorities began shipping thousands of tons of scrap metal out of the country, including at least 42 engines from banned missiles, according to a new report from U.N. weapons inspectors circulated Tuesday.
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An energy-trading company said Wednesday that it did not pay kickbacks to Saddam Hussein's  government from contracts it received to sell some 8 million barrels of Iraqi crude oil between 1997 and 2001 under the United Nations' oil-for-food program.
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US oil prices edged higher Monday as Iraq&#39;s oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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U.S. handling of Iraq's oil  money after the defeat of Saddam Hussein was marked by  weaknesses including problems tracking oil production and cash,  a watchdog told the U.N. Security Council on Friday, diplomats  said.
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WASHINGTON, October 7 (IslamOnline.net &amp; News Agencies) - Iraq had possessed no weapons of mass destruction before the US-British invasion of the oil-rich country, a new official report by American inspectors has concluded.
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Companies that bought Iraqi oil from traders who allegedly bribed Saddam Hussein for contracts under the U.N. oil-for-food program could be implicated in a web of corruption uncovered by a U.N. panel, a Swiss criminal lawyer said Sunday.
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The independent panel investigating alleged corruption in the multibillion-dollar U.N. oil-for-food program in Iraq released the names of 248 companies on Thursday that received Iraqi oil and 3,545 companies that exported goods to Saddam Hussein's government.
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The contractor and other US firms working in Iraq could be subject to prosecution from several quarters.
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NEW YORK -- The top US arms inspector accused the former head of the $60 billion UN oil-for-food program of accepting bribes in the form of vouchers for Iraqi oil sales from Saddam Hussein's government while running the program, according to a report released yesterday.
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Iraq illicitly earned an estimated $21.3 billion by circumventing United Nations sanctions between 1991 and 2003, according to estimates released Monday by a U.S. Senate panel.
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Democratic presidential candidate John Kerry said Vice President Dick Cheney&#39;s financial link to Halliburton Co. guided Bush administration policies in Iraq that let the company profit ``at the expense of American troops.
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A Senate panel says it has obtained Iraqi documents providing new evidence that the former head of the U.N. oil-for-food program made up to &#36;1.2 million through oil deals with Saddam Hussein's government.
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US oil prices rose on Monday as Iraq&#39;s oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.