The Oil

Carve-up of oil riches begins,

The leader of the London-based Iraqi National Congress, Ahmed Chalabi, has met executives of three US oil multinationals to negotiate the carve-up of Iraq’s massive oil reserves post-Saddam.

Disclosure of the meetings in October in Washington – confirmed by an INC spokesman – comes as Lord Browne, the head of BP, has warned that British oil companies have been squeezed out of post-war Iraq even before the first shot has been fired in any US-led land invasion.