Sociology Talk

Pope About Town · Guest

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."

http://english.aljazeera.net/NR/exeres/0D09B919-D28A-4CC4-A79F-0EE500239225.htm
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