Oil Firms Say Iraqi Purchases Were Legal
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Two large American oil companies that received profitable vouchers to buy Iraqi oil under the United Nations' oil-for-food program said yesterday that the purchases complied with U.S. law.
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Russian prosecutors say Shell's Sakhalin 2 oil and gas project was illegally given environmental approval.
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Federal prosecutors are investigating allegations that employees of Blackwater -- a security firm hired by the State Department to guard U.S. staff in Iraq -- illegally smuggled weapons into Iraq, according to U.S. government sources.
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Almost until the eve of the invasion of Iraq in March 2003, U.S. oil companies, including ExxonMobil and ChevronTexaco, were among the largest purchasers of Iraqi crude oil.
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When it comes to taking oil and natural gas from government land and waters, the oil companies are getting a good deal, says a congressional report.
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Russian firms bought about 30 percent of the oil sold under Iraq&#39;s now-defunct oil-for-food program, according to a UN investigator&#39;s extensive list of companies that did business with Saddam Hussein&#39;s government.
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An Australian inquiry clears the government of bribing Iraqi officials for contracts under the UN oil-for-food scheme.
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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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Iraq's cabinet approved changes to a draft oil law on Tuesday, taking a big step towards meeting a key political target for national reconciliation set by the United States.
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Iraqi officials said Friday that a U.S.-backed draft oil law will soon be returned to the Cabinet for approval after Kurds agreed to a compromise revenue-sharing measure. But they said many key sticking points remain unresolved &#151; and not even addressed &#151; in the watered-down legislation.
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ALEXANDRIA, Va. -- Attorneys for a US-based security company accused of setting up sham companies in a multimillion-dollar fraud scheme in Iraq are contending in court that the company cannot be sued under a key federal anticorruption law because the allegedly stolen money belonged to Iraqis, not Americans.
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Oil company reachs deal over 2005 refinery explosion, oil spill and propane price-fixing.
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An Iraqi-American illegally acted as  an agent for Iraq under Saddam Hussein and received millions of  dollars worth of oil from the country's U.N. oil-for-food  program, U.S. court documents showed on Tuesday.
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The Iraqi cabinet approves a draft law allowing Iraq's oil revenues to be split between ethnic groups.
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The State Department acknowledged that the first American oil contract in Iraq is at cross purposes with the stated U.S. foreign policy of strengthening the countryâs central government.
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Iraq's cabinet on Monday  endorsed a draft oil law crucial to regulating how wealth from  the country's vast oil reserves will be shared by its ethnic  and sectarian groups, a move hailed as a major political  milestone.
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Iraq said on Tuesday it had agreed to buy 40 new aircraft from plane maker Boeing and six from Canada's Bombardier for state-run Iraqi Airways in a deal worth up to $5 billion.