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Waxman: White House Knew Of Iraqi Oil Deal

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In September 2007, the Kurdish Regional Government, which runs the semi-autonomous region of Northern Iraq, announced that it had entered into an oil contract with U.S.-based Hunt Oil. The deal complicated negotiations over a revenue-sharing agreement and the Bush administration declared itself shocked at the news. “I know nothing about the deal,” said President Bush.

Documents uncovered by the House Committee on Oversight and Government Reform indicate that the White House probably shouldn’t have been so surprised.

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