6,975. 1/22/2007

The ‘Iraqi hydrocarbon law’ “grants foreign oil companies ‘national treatment,’ which means that the Iraqi government cannot give preference to Iraqi oil companies (whether public or privately owned) over foreign-owned companies when it chooses contractors. This provision alone will severely cripple the government’s ability to ensure that Iraqis gain as much economic benefit as possible from their oil.”

 – Bob Cesca, “Unsolved Mystery: The Iraqi Hydrocarbon Law,” The Huffington Post, Jan. 22, 2007

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