U.S. to Take Bigger Bite of Iraq's Economic Pie

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Emad Mekay

The United States is helping the interim Iraqi government continue to make major economic changes, including cuts to social subsidies, full access for U.S. companies to the nation's oil reserves and reconsideration of oil deals that the previous regime signed with France and Russia.

WASHINGTON, Dec 23 (IPS) - The United States is helping the interim Iraqi government continue to make major economic changes, including cuts to social subsidies, full access for U.S. companies to the nation's oil reserves and reconsideration of oil deals that the previous regime signed with France and Russia.

During a visit here this week, officials of the U.S.-backed administration detailed some of the economic moves planned for Iraq, many of them appearing to give U.S. corporations greater reach into the occupied nation's economy.