New Iraq Oil Law To Open Iraq's Oil Reserves to Western Companies

Democracy Now
February 20, 2007

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The Iraqi blogger Raed Jarrar has obtained a copy of the proposed oil law and has just translated it into English. He discusses the new law with Antonia Juhasz, author of "The Bush Agenda: Invading the World One Economy at a Time.” [includes rush transcript]

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In one of the first studies of Iraqi public opinion after the US-led invasion of March 2003, the polling firm Gallup asked Iraqis their thoughts on the Bush administration’s motives for going to war. One percent of Iraqis said they believed the motive was to establish democracy. Slightly more – five percent – said to assist the Iraqi people. But far in the lead was the answer that got 43 percent - “to rob Iraq's oil.”

Well, with the four-year mark of the Iraq war less than a month away, the answer may come into clearer view. After a long negotiation process involving US officials, the Iraqi government is considering a new oil law that would establish a framework for managing the third-largest oil reserves in the world.

What would this new law mean for Iraq? With me now from Washington DC is Raed Jarrar - He is the Iraq Project Director for Global Exchange. He has obtained a copy of the proposed oil law which he translated from Arabic and posted on his website. And Antonia Juhasz is on the phone with us -- She has written extensively about the economic side of the US occupation of Iraq and is the author of the book, “The Bush Agenda: Invading the World One Economy at a Time.” Antonia is a Tarbell Fellow at Oil Change International. We welcome you both to Democracy Now!
Raed Jarrar Iraq Project Director for Global Exchange. He is an Iraqi blogger and architect. He runs a popular blog called "Raed in the Middle."


Antonia Juhasz, author and activist. She is a Tarbell Fellow at Oil Change International. Her latest book is called "The Bush Agenda: Invading the World, One Econony at a Time."