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The Beneficiaries of Saddam's Oil Vouchers
Sotaliraq.com ^ | 06-18-04 | N/A

Posted on 06/18/2004 11:00:56 AM PDT by backhoe


Good afternoon! It's Friday June 18, 2004 at 1:56 PM. Welcome to Sotaliraq.com.

The Beneficiaries of Saddam's Oil Vouchers!

The following report from MEMRI's Baghdad office is a translation of an article which appeared in the Iraqi daily Al-Mada, which obtained lists of 270 companies, organizations, and individuals awarded allocations (vouchers) of crude oil by Saddam Hussein's regime. The beneficiaries reside in 50 countries: 16 Arab, 17 European, 9 Asian, and the rest from sub-Saharan Africa and Latin America. Only a portion of the 270 recipients are listed and identified.

By MEMRI
© Iraqi Daily Al-Mada

  • Background

    The following points should be taken into consideration:
    First
, MEMRI is not responsible for the accuracy of the details with regard to the names listed or the amount of oil granted.
Second
, all names listed in the original were in Arabic. Some of those are transliterated into English phonetically, and may not be precise.
Third
, the issuing of vouchers by Saddam's regime may have served two primary purposes:
A: Payments in the form of bribes to individuals and organizations for their support of the regime.
B: Vouchers may have been issued to pay for goods and services that fell under U.N. Security Council sanctions and could not be financed under the "Oil for Food" program. Goods may have included military equipment or military parts, luxury automobiles that Saddam distributed as gifts inside and outside Iraq, and general luxury goods for the benefit of high-ranking officials in the Ba'ath party and government.
Fourth, the voucher recipients sold the vouchers to oil traders, who then collected the oil against the vouchers from the Kirkuk-Banias (Syria) pipeline terminal, which was operating in contravention of the Security Council sanctions. The pipeline carried 200,000 barrels per day of Iraqi oil, which benefited Syria greatly.



TOPICS: Extended News; News/Current Events
KEYWORDS: oilforfood

1 posted on 06/18/2004 11:00:56 AM PDT by backhoe
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To: backhoe

Thanks Bump!


2 posted on 06/18/2004 11:04:16 AM PDT by NormsRevenge (Semper Fi Mac ... Become a FR Monthly Donor ... In Memoriam Ronaldus Magnus)
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To: backhoe
Oil for starving people to enrich the world.
3 posted on 06/18/2004 11:08:28 AM PDT by bmwcyle (<a href="http://www.johnkerry.com/" target="_blank">miserable failure)
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To: bmwcyle; NormsRevenge
Thanks for looking. These characters make common criminal look fairly decent by comparison.
4 posted on 06/18/2004 11:11:34 AM PDT by backhoe
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To: backhoe

The world is ready for a One World Government. Satan will lead them into this hell with money.


5 posted on 06/18/2004 11:13:01 AM PDT by bmwcyle (<a href="http://www.johnkerry.com/" target="_blank">miserable failure)
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To: backhoe; Cindy; nw_arizona_granny; Alamo-Girl

ping


6 posted on 06/18/2004 12:14:53 PM PDT by Calpernia (When you bite the hand that feeds you, you eventually run out of food.)
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To: backhoe
Kofi should retire - U.N. members made out like the bandits they are with the Annan family help.

Go quietly into the sunset Kofi, don't worry about the lights we'll turn them out for you.........

7 posted on 06/18/2004 12:28:57 PM PDT by yoe
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To: SJackson; JohnHuang2

ping


8 posted on 06/18/2004 12:33:29 PM PDT by Calpernia (When you bite the hand that feeds you, you eventually run out of food.)
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To: Calpernia

9 posted on 06/18/2004 12:46:23 PM PDT by backhoe
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To: backhoe

Bookmarked.


10 posted on 06/18/2004 12:49:57 PM PDT by Robert A. Cook, PE (I can only donate monthly ... But Kerry's ABBCNNBCBS press corpse lies every day.)
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To: Robert A. Cook, PE

Thanks for looking.


11 posted on 06/18/2004 12:56:26 PM PDT by backhoe (Just an old Keyboard Cowboy, ridin' the Trackball into the Sunset...)
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To: Calpernia

Bump!


12 posted on 06/18/2004 1:13:54 PM PDT by Alamo-Girl
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