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On August 20th, 2002, the Russian Foreign Ministry confirmed that it agreed with Iraq about a 10-year trade, which envisions new cooperation in oil, irrigation, agriculture, transportation, railroads and electrical energy. Iraq's ambassador to Russia, Abbas Khalaf, said the agreement was worth $40 billion, but Moscow would not confirm that figure. (->Oil) Source: http://www.cleveland.com/world/plaindealer/index.ssf?/xml/story.ssf/html_standard.xsl?/base/news/102983633427101.xml

It is well known, that Russia's Lukoil had a contract with Iraq. When Iraq felt with its back to the wall, it cancelled this contract in December 2002, to blackmail new support by Russia.


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