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Mon 7 May, 2007 09:46 am
Quote:US Companies take over Iraq's oil
Row over Iraq oil law
By Ahmed Janabi
MAY 05, 2007
A draft law being considered by the Iraqi parliament would enable US companies to take control of Iraq's oil industry, oil experts in the country say.
The proposed bill, approved by the Iraqi government in February after months of wrangling, opens the country's oil sector to foreign investors 35 years after it was nationalised.
Kirkuk's fate will be determined through a
referendum this year[/i]
"The law is designed for the benefit of US oil companies," Ramzy Salman, an Iraqi economist who worked for the Iraqi oil ministry for 30 years, said.
"If approved, it would take things back to where they were before the nationalisation of Iraq's oil in 1972."
But he said the situation would be reversed when Iraqis regained their "true sovereignty"...
aljazeera.net
It's all about OIL!
Well it's about time! I was beginning to think the thousands of American troops killed and tens (perhaps hundreds) of thousands of Iraqi and Afghan civililians killed was for nothing. Hopefully, our oil companies will be able plunder them dry and increase the wealth of our wealthy, because, as you well know, having the wealthiest wealthy people in the world is a point of national pride in the good old U.S. of A.
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