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Context of 'December 8, 2001: US Oil Companies to Invest $200 Billion in Kazakhstan'

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The Soviet Union collapses in 1991, creating several new nations in Central Asia. Major US oil companies, including ExxonMobil, Texaco, Unocal, BP Amoco, Shell, and Enron, directly invest billions in these Central Asian nations, bribing heads of state to secure equity rights in the huge oil reserves in these regions. The oil companies commit to $35 billion in future direct investments in Kazakhstan. It is believed at the time that these oil fields will have an estimated $6 trillion potential value. US companies own approximately 75 percent of the rights. These companies, however, face the problem of having to pay exorbitant prices to Russia for use of the Russian pipelines to get the oil out. [New Yorker, 7/9/2001; Asia Times, 1/26/2002]

Entity Tags: Enron Corporation, Unocal, Soviet Union, Kazakhstan, Russia, ExxonMobil, Royal Dutch/Shell, British Petroleum, Texaco

Timeline Tags: Complete 911 Timeline, Peak Oil

Newly named Secretary of State Colin Powell (see December 16, 2000) is dazzling at the Crawford, Texas, press conference used by President Bush to announce Powell’s selection. In fact, Powell may be too dazzling for his own good. As Powell talks about the state of the world, “Bush’s admiring expression gradually turned to one of sour irritation,” author Craig Unger will later observe. Powell’s close friend and colleague Richard Armitage, soon to become Powell’s deputy, warns Powell after his acceptance speech of the dangers of upstaging Bush. “It’s about domination,” Armitage warns. “Be careful in appearances with the president.” [Unger, 2007, pp. 184]

Entity Tags: Richard Armitage, Craig Unger, Colin Powell, George W. Bush

Timeline Tags: US International Relations

US Secretary of State Colin Powell sends a letter of appreciation to Jose Bustani, head of the Organization for the Prohibition of Chemical Weapons, commending him for his “impressive” work. [Guardian, 4/16/2002; Associated Press, 6/5/2005]

Entity Tags: Colin Powell, Jose M. Bustani

Timeline Tags: Events Leading to Iraq Invasion

During a visit to Kazakhstan in Central Asia, Secretary of State Powell states that US oil companies are likely to invest $200 billion in Kazakhstan alone in the next five to ten years. [New York Times, 12/15/2001]

Entity Tags: Colin Powell

Timeline Tags: Complete 911 Timeline

Secretary of State Colin Powell, in a speech before the World Economic Forum in Davos, Switzerland, asks, “Why is Iraq still trying to procure uranium and the special equipment needed to transform it into material for nuclear weapons?” [Washington Post, 8/8/2003] Author Craig Unger will later write, “In referring to the Niger deal (see Between Late 2000 and September 11, 2001) and the aluminum tubes (see Between April 2001 and September 2002), Powell was actually betraying his own State Department analysts who had rejected these two key pieces of ‘evidence’ against Saddam” Hussein (see March 1, 2002, March 4, 2002, and January 12, 2003). [Unger, 2007, pp. 276]

Entity Tags: Colin Powell, Craig Unger

Timeline Tags: Events Leading to Iraq Invasion, Niger Uranium and Plame Outing

US Secretary of State Colin Powell says, “We would prefer not to have a war. Nobody wants war.” [ORT (Moscow), 3/3/2003]

Timeline Tags: Events Leading to Iraq Invasion

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