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US written iraqi oil law opposed by iraqis Original Source Link: (May no longer be active)    http://www.forbes.com/afxnewslimited/feeds/afx/2007/07/05/afx3885149.html http://www.forbes.com/afxnewslimited/feeds/afx/2007/07/05/afx3885149.html AFX News Limited Followers of al-Sadr join opposition on draft Iraq oil law 07.05.07, 5:35 AM ET NAJAF, Iraq (Thomson Financial) - Followers of Shiite cleric Moqtada al-Sadr on Thursday joined a growing chorus of Sunni, Kurdish and Shiite opposition to a draft oil law approved by Iraq's cabinet and backed by the US government. Sadr's supporters said they would not support any law that would allow firms 'whose governments are occupying Iraq' -- a reference to the US, Britain and their coalition allies -- to sign Iraqi oil deals. 'We reject this unclear law that contains a number of points which prevent us from accepting it,' Agence France-Presse cited Sheikh Salah al-Obaidi, a Sadr office spokesman, saying. 'This law has no grounding in Iraqi reality,' he added. The nationalist Shiite movement particularly objects to the bill's provision for production-sharing agreements with foreign oil firms designed to bring investment into Iraq's oil sector, according to one senior member. 'The most serious problem with the law is the production-sharing agreements, which we categorically reject,' Nassar al-Rubaie, the spokesman for Sadr's parliamentary bloc, said. Such agreements, which provide for foreign oil companies to share investment and profits with the state, would 'undermine Iraq's sovereignty in the short run and will strip it of its sovereignty in the long run', he added. Speaking for the 32-member bloc that is currently boycotting parliament, Rubaie insisted the movement would only approve the law with an amendment to ban oil contracts with 'companies whose governments are occupying Iraq'. tf.TFN-Europe_newsdesk@thomson.com lce/rfw COPYRIGHT Copyright AFX News Limited 2007. All rights reserved.

After 36 years oil giants return to iraq { June 19 2008 } Blair advisor says war for oil Bp shell gets bulk iraqi crude oil Bush funds shift to oil production and security { September 13 2004 } Cheney 2001 energy task force { July 18 2003 } Cheney eyes iraq before 911 Cheneys oil map { July 19 2003 } Iran US stooge chalabi takes over oil { January 2 2006 } Iraq agreements with major oil companies fail { May 2008 } Iraq government to allow oil privitization { December 11 2006 } Iraq oil ministry control { April 20 2003 } Iraq oil mission successful says reporter { March 20 2006 } Iraq producing less oil than under saddam Iraq unions against oil privatization { November 2006 } Iraqi union protesters fear loss of oil control { June 3 2007 } Iraqi union workers protest oil privatization { June 5 2007 } Iraqi war oil { September 15 2002 } Iraqis fights over foreign oil rights { April 2007 } Iraqis protest theft of sovereignty oil { June 2007 } Iraqis want un control oil cash { May 9 2003 } Israel eyes iraqi oil { April 9 2003 } Israeli firm awarded oil tender in iraq { February 25 2004 } Its the oil { September 23 2002 } Last pipeline oil peak Law keeps central control over oil in iraq { January 20 2007 } Maybe 100 barrel Oil advisor conflict interest { May 16 2003 } Oil output plunges to lowest levels { January 3 2006 } Post war iraq lags in oil production { May 2 2005 } Pre 911 oil contracts { July 18 2003 } Protect oil { January 23 2003 } Re engages oil { September 17 2002 } Russia iraq oil { September 30 2002 } Tricle could become gusher { May 10 2003 } US advised iraqi ministry on oil deals { June 30 2008 } Us asks israel explore reopening pipeline Us wants oil industry control { May 9 2003 } US written iraqi oil law opposed by iraqis War oil stability { February 1 2003 } Western companies to get 75 perc of iraqi oil profits Files Listed: 40

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