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The Hydrocarbon Law in Iraq
Published on March 17, 2007 By Bahu Virupaksha In Current Events
While the US military is taking unsustainable levels of loss in Iraq and the civilian population has been laid low by the death squads sponsored by the Iraqi Government, the sectarian militias and criminal gangs of every hue and color, the Administration of HGeorge W Bush quietly and away from the glare of international publicity won a major victory:for the first time since 1972 foreign oil companies will be permitted to have 80% stake in the oil wealth of Iraq. The new law will ofcourse be approved by the "sovereign" "independent" Government of Iraq and when implemented will be the reward for the drutal and unlawful invasion of Iraq.

Iraq has 115 billion barrels of oil reserves and 110 trillion cubic fet of natural gas, making it one of the wealthiest oil endowded countries in the world. The huge loss of civilian lives can now be seen in the right context. The new law allows foreign companies access to 64% of the known reserves. When production expands to a further 200 million barrels, then such companies would have control over 87% of the total oil production of Iraq. Now it is clear whuy the USA and its allies made such a huge noise about Saddam Hussein and his so called weapons of mass destruction. Saddam knowing the intentions of the USA and her allies had tried to resist but the quislings got the better of him, hanged him and are now in the process of handing Iraq's national wealth to the very enemies of Iraq. The Iraq National Oil Company (INOC) will from now on only be a coordinator and facilitator for the exploitation of Iraqi oil by foreign companies. The Iraqi people are unlikely to protest in the near future beacuse there is so much violence all around that surviaval has become the biggest challenge for them.

The new law institutionalises the participation of foreign oil companies in the exploitation of Iraq's oil. There is provision in the law for a Federal oil and Gas Council which will have representatives from "related companies". This new body will aso sit in judement on the contracts signed with previous partners such as Russia and China. Though Iraq contiues to be a member of the OPEC, this new law will make its membership in the OPEC cartel redundant. For the first time since the 1973 Arab Israeli War, Arab oil will flow directly to Israel from the Jaffa pipeline and this means that the Iraq war had the strategic interests of Israel in view.

The new law is bound to create major problems for the cause of Iraqi territorial unity since the so called regional governments can make their own private deals with foreign companies for the sale of oil reserves located in their territories. It is well known that Sunni areas have very little oil and therefore this law will seriously jeopardise the unity and territorial integrity of Iraq.

However there is every chance that with the impending withdrawal of the US forces this agreement will stand rejected as no self respecting Government can abide by its terms.

Comments (Page 2)
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on Mar 22, 2007
It is cleat to all international agencies includiong the UNHCR that the scale of human tragedy currently unfolding in Iraq is well beyond imagination. 2 million dispalced is the figure that even the US Governemnt accepts.


I have no idea. After hurricane Katrina we had press reports of millions in trouble and dead. When people were allowed to find out the facts it turns out that not that many were killed and the displacement was not as bad as what we were lead to beleve. I would wait until the facts come out and then look at what really happend. The UN was only in Iraq for a few months and ran away after the first bomb went off at their office. That was the first year of the conflict. so how the UNHCR got their numbers is suspect.

The numbers on the dead are all estimates because no one has been keeping an official count. The Best count is 60k since the beginning of the war 4 years ago.

(c) and the sectarian killings which are a direct fallout of the ill conceived US invasion.


Yes, Iran has nothing to do with the deaths of Iraqis because they only arm fund and train the people doing the attacks that don't even involve Americans because that would be an act of war and we would invade the same day we proved it happened.

Now as for as Saddam killings are concerned it is only small change compared to what has happened in Iraq since the US led invasion.


Three million dead or missing since Saqddam took power is small change to the three quarters of a million that you claim but have no proof of? Maybe I misunderstand math is 750k more than three million? Please pay me 3 million and I will pay you a whopping 750K for your trouble.

on Mar 23, 2007
And I imagine it's quite hard for you here, dealing with the bias of most posters toward the so-called 'right wing' (except that there is no 'right' here in America, just as there is no 'left': just very confused conservatives and even more confused socialists, neither group knowing anything about the realities of what they claim to stand for).


I have always believed in Machevaleian politics, in the sense of how the Prince outlines amorality in politics. I agree that politics is the art of the possible as the uncommon common man sings in Madona's Evita.
on Mar 23, 2007
I was wrong and wish to set the record straight. I stated that the number of deaths in Iraq were roughly 60k and that was wrong I rounded the number because I did not have the exact figures. The latest report from YOUR beloved UN states the number dead at 53,200 I don’t remember the last two digits so I left them as zeros. This is since the restart of hostilities 4 years ago to this month. You say the number is three quarters of a million? Are you sure of that number? I wanted to get the numbers from a source you trusted to eliminate the crap about liberal Vs. conservative figures and in this case it proved me wrong but the numbers are in line with what I have seen so I will accept them.
on Mar 24, 2007
There are two distinct figures to deal with: First, the number of civilian deaths directly stemming from the US militatry action and that figure is close to 55,000. Then there is the loss of life caused by the militia and government sponsored death squads and in the last 4 years the number is nearly 3/4 of a million and since the US is the invading power and is responsible fopr the security of the civilian population the responsibility for the civilian deaths lies squarely on the doorstep of the USA. And then there is the 2 million internally displaved by the war and are in temporary shelters in Jordan and other West Asian countries.
on Mar 24, 2007
I have given a link to a web site that gives the figure for casualities caused by the US military alone.Link


on Mar 24, 2007
since the US is the invading power and is responsible fopr the security of the civilian population the responsibility for the civilian deaths lies squarely on the doorstep of the USA.


Sso by your logic since we invaded Japan Germany and Korea all deaths that happen there are the responsibility of the USA? We are still and occupying force in all three countries so all deaths for the past 60 years is our fault.
on Mar 26, 2007



by your logic since we invaded Japan Germany and Korea all deaths that happen there are the responsibility of the USA? We are still and occupying force in all three countries so all deaths for the past 60 years is our fault

There is a basic difference: In World War II USA responded to armed aggression, however in Iraq USA is the invading country and cannopt claim the high ground os self defence.
on Mar 26, 2007
There is a basic difference: In World War II USA responded to armed aggression, however in Iraq USA is the invading country and cannopt claim the high ground os self defence.


During WWI Germany did not declare war on the USA yet we went to war with them anyway.

During WWII Germany declared war on us and we went to war with Germany and Italy but only Japan attacked us.

In the war with Iraq they invaded Kuwait we went to war with Iraq and won. Iraq signed a cease fire with all nations of the coalition. Iraq violated the cease fire and 17 UN resolutions legally we or any nation in the coalition had the right to continue the war that never ended. To add to this Saddam publicly stated that he would sell or give parts of his stockpiles of WMD to any terrorist that would use them on Israel or the USA. After 9/11 what would you do? Wait until we are attacked and thousands killed? Or attack him first because he said he would help our enemies in a time of war? Hitler said much the same when he declared war on America even though he never attacked us. We did not wait until we were attacked we went in first. Got our butts kicked the first battle but won the war.
on Mar 26, 2007
Iraq violated the cease fire and 17 UN resolutions legally we or any nation in the coalition had the right to continue the war that never ended. To add to this Saddam publicly stated that he would sell or give parts of his stockpiles of WMD to any terrorist that would use them on Israel or the USA


Iraq was not found in infringement of any UN Resolution including the one petrtaining to Weapons of Mass Destruction. The USA used it as a pretext to invade and occupy the copuntry and the net result is there for all to see. No one can in all honesty justify the invasion and the total destruction of civil society in Iraq. And now the oil wealth of Iraq is virtually in the hands of US companies.
on Mar 27, 2007
Iraq was not found in infringement of any UN Resolution including the one petrtaining to Weapons of Mass Destruction. The USA used it as a pretext to invade and occupy the copuntry and the net result is there for all to see. No one can in all honesty justify the invasion and the total destruction of civil society in Iraq. And now the oil wealth of Iraq is virtually in the hands of US companies.


Sorry but if you fail to keep up with current events you are doomed to be ignorant.
In a cease fire once you break it the war continues. All your silliness aside he broke the cease fire over many years and any nation that is a member of the UN can enforce that without any continued say so from the UN. Just like North Korea, if they begin to fire more than a few rounds across the border the war will continue as if it never stopped. We all seem to know this if we studied history. Have you studied history?
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