Scramble for Iraq's oil begins as troops start to pull out

Saeed Shah, Independent

We are about to find out if the invasion of Iraq really was a war for oil. The country is on the verge of passing a petroleum law, which will set down rules for investing in its oil industry. That will set off a race among the foreign oil giants, scrambling for their slice of Iraq's vast oil riches. Britain's two world-leading oil companies, BP and Shell, both say they want to enter Iraq. Exxon, ConocoPhillips, Total, Russia's Lukoil and the Chinese will also form part of the rush..

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