Iraqi Oil Law: Leaked
By Raed Jarrar
--- - I spent the weekend translating
this leaked copy of the Iraqi oil law with Niki
for sending me the link). Translating legal
documents can be really hard!
We just finished the translation, and you can download
clicking here. [pdf]
Please feel free to widely distribute this document.
It's important to start a stronger debate and to try to
educate Iraqis and Americans about this catastrophic law
that will facilitate the further looting of Iraqi oil,
and will achieve nothing other than increasing the
levels of violence and anger in Iraq.
This law legalizes PSAs (production sharing agreements)
in Iraq. Iraq will be the only country in the middle
east with such contracts privatising Iraqi oil and
giving foreign companies crazy rates of profit that may
reach to more than three fourth of the general revenue.
Iraq and Iraqis need every Dinar that comes from oil
sales. In addition to the financial aspects of this law,
it can be considered the funding tool for splitting Iraq
into three states. It undermines the central government
and distributes oil revenues directly to the three
regions, which sets the foundations for what Iraq's
enemies are trying to achieve in terms of establishing
three independent states.
Privatizing Iraq's oil and splitting Iraq into three
regions are just two negative features of this 29 pages
law. I am translating some important analysis written by
Iraqis and other Arabs, and am also working with British
and U.S. experts to publish more analysis soon.
Visit Raed Jarrar's blog