Cheney’s urgent to-do list: the passage of the Iraq Hydrocarbon Law

"...Meanwhile, there’s this other Iraqi item on Cheney’s urgent to-do list: the passage of the Iraq Hydrocarbon Law by the Iraqi Parliament. This was drafted by BearingPoint (a McLean, Virginia-based management consulting provider listed by the Center for Corporate Policy as the number 2 top war profiteer of 2004) in February 2006 and then presented to the newly-appointed Iraqi Oil Minister Hussein Al-Shahristani. Shahristani then met in Washington DC with representatives of Shell, BP, ExxonMobil, ChevronTexaco and ConocoPhillips to get their comments on the draft. He promised the International Monetary Fund that the Iraqi parliament would pass the law by the end of 2006, but its members hadn’t even seen the 33-page draft law yet. Months earlier an Oil Ministry official had said that Iraqi civil society and the general public would not be consulted at all on this matter.

A secret appendix to the draft law, according to London-based Iraqi political analyst Munir Chalabi, “will decide which oil fields will be allocated to the Iraqi National Oil Company (INOC) and which of the existing fields will be allocated to the IOCs . The appendices will determine if 10% or possibly up to 80% of these major oil fields will be given to the IOCs.” This, in other words, is another national humiliation in the offing. As six women Nobel Peace Prize recipients wrote in September 2007, it “would transform Iraq’s oil industry from a nationalized model to a commercial model that is much more open to U.S. corporate control. Its provisions allow much (if not most) of Iraq’s oil revenues to flow out of Iraq and into the pockets of international oil companies.”

It is one of those “bench marks” the Bush administration has imposed on Iraq, with Congressional support, as conditions for U.S. withdrawal, but even the most recent revised version, hammered out between Kurdish representatives and the Maliki cabinet, faces tough political opposition. Cheney was hoping this would be a done deal---done quickly on the sly---as of last summer. But al-Maliki still hasn’t delivered, and as a State Department report to Congress in April 2008 notes, labor opposition is formidable: “The 26,000 member Iraq Federation of Oil Unions has voiced its members’ strong opposition to the current draft of the hydrocarbon framework legislation and has demonstrated a capacity to disrupt oil production and refinery operations with strikes.”

Last year union chief Subhi al-Badri declared, “This law cancels the great achievements of the Iraq people. If the Iraqi Parliament approves this law, we will resort to mutiny. This law is a bomb that may kill everyone. Iraqi oil. … belongs to all future generations.” Even the Iraqi minister of planning and development, Ali Baban, has vowed to “resign one hour after the passing of the oil and gas draft law.” And the Sadrists of course are bitterly opposed..."

About 2/3 down in article: http://www.iraq-war.ru/article/166562