France accused of oil-for-peace deal with Iraq

A senior Pentagon adviser today accused France of striking a deal with Saddam Hussein to oppose military action in return for a lucrative oil contract.

Richard Perle, a former US Assistant Defence Secretary, said the French anti-war stance was driven by economic interests. French oil giant TotalFinaElf has exclusive exploration contracts worth €60bn - €75bn to develop the massive Majnoon and Bin Umar oilfields in southern Iraq, he said.