Topic - Philip Weiss

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  • Oil workers work at Zubair oil field near Basra, 340 miles southeast of Baghdad, Iraq, Sunday, May 15, 2011. State-run Iraqi Drilling Company was awarded a nearly $250,000-deal last year to drill 23 new wells and to workover 63 other wells due to be completed in the coming two years.It has deployed four drilling rigs and four workover rigs. The field is being developed by Italy's Eni and partners Los Angeles-based Occidental Petroleum Corp. and South Korea's KOGAS. (AP Photo/Nabil al-Jourani)

    South Korean firm wins major gas deal in Iraq

    South Korean firm KOGAS on Wednesday signed a major deal to develop a major natural gas field in western Iraq — another sign that foreign rivals are proving tough competitors to American energy giants in Iraq eight years after the American-led invasion to oust Saddam Hussein.

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  • Philip Weiss, a senior analyst at Argus Research Co. Many critics of the invasion at the time argued that President George W. Bush was motivated in part to secure access to Iraq's vast oil and gas deposits for the U.S. and its allies.

    South Korean firm wins major gas deal in Iraq →

  • "I don't think the U.S. companies have any distinct advantage," Mr. Weiss said. "In fact, they might be slightly disadvantaged because of the feeling toward the U.S. from some of the people there."

    South Korean firm wins major gas deal in Iraq →

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