Iraq's oil law "will re-imprison the Iraqi economy"

more on iraq's oil law, the reason we went into iraq in the first place... of course, like everything else these days, it comes with the customary dose of cognitive dissonance...

inter press service news agency...

[The new oil law] specifies that up to two-thirds of Iraq's known reserves would be developed by multinationals, under contracts lasting for 15 to 20 years.

This policy would represent a u-turn for Iraq's oil industry, which has been in the public sector for more than three decades, and would break from normal practice in the Middle East.

According to local labour leaders, transferring ownership to the foreign companies would give a further pretext to continue the U.S. occupation on the grounds that those companies will need protection.

[...]

On Feb. 8, the labour unions sent a letter in Arabic to Iraqi President Jalal Talbani urging him to reconsider this kind of agreement.

"Production-sharing agreements are a relic of the 1960s," said the letter, seen by IPS. "They will re-imprison the Iraqi economy and impinge on Iraq's sovereignty since they only preserve the interests of foreign companies. We warn against falling into this trap."

[...]

The first draft was seen only by the committee of the Iraqi technocrat who penned it, nine international oil companies, the British and the U.S. governments and the International Monetary Fund. The Iraqi parliament will get its first glimpse next week.

[...]

There's no other country in the Middle East with the kind of oil reserves that Iraq has that would consider signing a production-sharing agreement," [Ewa Jasiewicz, a researcher at PLATFORM, a British human rights and environmental group that monitors the oil industry] said. "It's a form of and that's why those countries haven't signed these because it's not in their interests."

and why would we expect anything less than THIS from the new york times...?

And oil, Iraq’s principal resource, must be equitably shared without regard to geography, religion or ethnic group. An oil law should be one of the benchmarks Washington insists on as a condition of continued support.

what...? you expected them to say they were AGAINST it...?

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