For Immediate Release

Contact: 

Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167

Former US Diplomat Got Stake in Iraqi Oil

WASHINGTON - The New York Times reports today: "Peter W. Galbraith, an influential former American ambassador, is a powerful voice on Iraq who helped shape the views of policy makers like Joseph R. Biden Jr. and John Kerry. In the summer of 2005, he was also an adviser to the Kurdish regional government as Iraq wrote its Constitution -- tough and sensitive talks not least because of issues like how Iraq would divide its vast oil wealth.

"Now Mr. Galbraith, 58, son of the renowned economist John Kenneth Galbraith, stands to earn perhaps a hundred million or more dollars as a result of his closeness to the Kurds, his relations with a Norwegian oil company and constitutional provisions he helped the Kurds extract."

REIDAR VISSER
The story broke in the Norwegian press a month ago. On Oct. 10 Visser wrote the piece "While He Was Influencing the Shape of the Iraqi Constitution, Peter Galbraith Held Stakes in an Oilfield in Dahuk."

Today Visser wrote the piece "Galbraith Was Paid by DNO When He Sat in on Sensitive Constitutional Drafting Sessions in 2005."

JAMES PAUL
Executive director of Global Policy Forum, Paul said today: "Galbraith, a former U.S. diplomat and Congressional staffer, was working from 2003 to 2004 to prevent a strong central government from emerging in Iraq, the kind of government that might prevent big foreign oil companies from returning to control the country’s resources. Now we know that under the guise of sympathy for the Kurds, he had another very personal goal -- millions in personal profit from an oil deal that a Norwegian company struck with the Kurdish regional government." (Galbraith wrote a book titled The End of Iraq.)

SCROLL TO CONTINUE WITH CONTENT

The media landscape is changing fast

Our news team is changing too as we work hard to bring you the news that matters most.

Change is coming. And we've got it covered.

Please donate to our 2019 Mid-Year Campaign today.

Paul added: "This story is about one person's greed, but it's symbolic of the central and corrupting effect of oil on all Iraq policy. The smaller companies were getting the early contracts in the Kurdish area, but the big game was the major companies’ efforts to control the supergiant fields in the south under very favorable terms.

"It's a fascinating window into the race to control the future world energy system, at a time when oil is clearly running out."

Paul has written several pieces about oil including "Oil in Iraq: The Heart of the Crisis," featured on the Global Policy Forum's "Oil in Iraq" webpage.

Also see, by Glenn Greenwald, "The Sleazy Advocacy of a Leading 'Liberal Hawk': Peter Galbraith's vast, undisclosed financial interests in the policies he spent years advocating as an 'expert.'"

###

We want a more open and sharing world.

That's why our content is free. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. How? Nonprofit. Independent. Reader-supported.

All of our original content is published under Creative Commons—allowing (and encouraging) our articles to be republished freely anywhere. In addition to the traffic and reach our content generates on our site, the multiplying impact of our work is huge and growing as our articles flourish across the Internet and are republished by other large and small online and print outlets around the world.

Several times a year we run brief campaigns to ask our readers to pitch in—and thousands of small donations fund our newsroom and allow us to continue publishing. Our 2019 Mid-Year Campaign is underway. Can you help? We can't do it without you.

Please select a donation method:



A nationwide consortium, the Institute for Public Accuracy (IPA) represents an unprecedented effort to bring other voices to the mass-media table often dominated by a few major think tanks. IPA works to broaden public discourse in mainstream media, while building communication with alternative media outlets and grassroots activists.

Share This Article

More in: