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. Last Updated: 07/27/2016

Iraq Warns France




BAGHDAD, Iraq -- France will lose all of its trade benefits, including lucrative oil development deals, if it votes in favor of a UN resolution backed by the United States and rejected by Iraq, Iraq's most influential newspaper said Sunday.


The warning in Babel, the daily newspaper owned by President Saddam Hussein's eldest son, Odai, singled out French oil giants Elf Aquitaine and Total, which have deals nearing completion for the development of two of the world's largest oil fields.


If the resolution is passed "logic says that both Elf and Total will have to close their offices in Baghdad and leave," Babel said in a front-page editorial signed by Abdulrazzaq al-Hashimi, a senior member of the ruling Bath party. Iraq also "will put an end to the preferential treatment given to French companies," it said.