‘A Middle Eastern
investment fund that pays Tony Blair about £1m a year as an
international adviser is in talks to develop one of Iraq’s
biggest oilfields.
Mubadala, a United Arab
Emirates investment firm, is in negotiations to join a consortium of
western oil companies developing the Zubair oilfield in southern Iraq.
More than £6 billion of investment is required for the project.
Blair was accused of
supporting the interests of the western oil companies with the invasion
of Iraq in March 2003, but dismissed the allegations as a conspiracy
theory. He proposed that oil revenues should be placed in a United
Nations-administered fund for the benefit of the Iraqi people.’
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