Document: Saddam Supporters Got Oil Deals

ByABC News
August 30, 2004, 2:42 PM

Jan. 29 -- ABCNEWS has obtained an extraordinary list that contains the names of prominent people around the world who supported Saddam Hussein's regime and were given oil contracts as a result.

All of the contracts were awarded from late 1997 until the U.S.-led war in March 2003. They were conducted under the aegis of the United Nations' oil-for-food program, which was designed to allow Iraq to sell oil in exchange for humanitarian goods.

The document was discovered several weeks ago in the files of the Iraqi Oil Ministry in Baghdad.

According to a copy obtained by ABCNEWS, some 270 prominent individuals, political parties or corporations in 47 countries were on a list of those given Iraq oil contracts instantly worth millions of dollars.

Today, the U.S.Treasury Department said that any American citizens found to be illegally involved could face prosecution.

"You are looking at a political slush fund that was buying political support for the regime of Saddam Hussein for the last six or seven years," said financial investigator John Fawcett.

Investigators say none of the people involved would have actually taken possession of oil, but rather just the right to buy the oil at a discounted price, which could be resold to a legitimate broker or oil company, at an average profit of about 50 cents a barrel.

List Includes Prominent Names

Among those named: Indonesia President Megawati Sukarnoputri, an outspoken opponent of U.S.-Iraq policy, who received a contract for 10 million barrels of oil about a $5 million profit.

The son of the Syrian defense minister received 6 million barrels, according to the document, worth about $3 million.

George Galloway, a British member of Parliament, was also on the list to receive 19 million barrels of oil, a $9.5 million profit. A vocal critic of the Iraq war, Galloway denied any involvement to ABCNEWS earlier this year.

"I've never seen a bottle of oil, owned one or bought one," Galloway said in a previous interview with ABCNEWS.