Sunday, May 06, 2007

Draft law enables US companies to take control of Iraq's oil industry 06 May 2007]

Breaking News and Commentary from Citizens for Legitimate Government 06 May 2007
http://www.legitgov.org/
All links to articles as summarized below are available here:
http://www.legitgov.org/index.html#breaking_news
Draft law enables US companies to take control of Iraq's oil industry 05 May 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. "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."

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