True Talk: The New Iraqi Oil Law

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Hosts Ahmed Bedier and Samar Jarrah discuss the Iraq war and oil with guest: Raed Jarrar, Iraqi American Blogger

Who recently wrote about the new Iraqi Oil Law tha download it by clicking here or here

From Raed:

This law legalizes PSAs (production sharing agreements) in Iraq. Iraq will be the only country in the middle east with such contracts privatising Iraqi oil and giving foreign companies crazy rates of profit that may reach to more than three fourth of the general revenue. Iraq and Iraqis need every Dinar that comes from oil sales. In addition to the financial aspects of this law, it can be considered the funding tool for splitting Iraq into three states. It undermines the central government and distributes oil revenues directly to the three regions, which sets the foundations for what Iraq's enemies are trying to achieve in terms of establishing three independent states.


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