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Reply #27: Thank you!!! Direct link to interview. [View All]

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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-20-07 01:06 PM
Response to Reply #22
27. Thank you!!! Direct link to interview.
http://www.democracynow.org/article.pl?sid=07/02/20/152...

snip>>

"AMY GOODMAN: Antonia Juhasz, what is the significance of this for Western oil companies?

ANTONIA JUHASZ: Well, in my mind, the law certainly opens the door to US oil companies and the Bush administration winning a very large piece of their objective of going to war in Iraq, at least winning it on paper. The law does almost word for word what was laid out in the Baker-Hamilton recommendation, which I discussed previously on your show, which is, at the very basic level, to turn Iraq's nationalized oil system, the model that 90% of the worlds oil is governed by, take its nationalized oil system and turn it into a commercial system fully open to foreign corporate investment on terms as of yet to be decided. So it leaves vague this very important question of what type of contracts will the Iraqi government use. But what it leaves clear is that basically every level of the oil industry will be open to private foreign companies.

And, as Raed said, it introduces this very unique model, which is that ultimate decision making on contracts rests with a new council to be set up in Iraq, and sitting on that council will be representatives -- executives, in fact -- of oil companies, both foreign and domestic. In addition, it does maintain the Iraq National Oil Company, but gives the Iraq National Oil Company almost no preference. Its almost in all cases just another oil company among lots of other companies, including US oil companies. And this council, the new oil and gas council, is going to be the decision making body to determine what kind of contract the Iraqis can sign, and all contract models are still on the table, yet to be determined. I think thats left vague or open, so that the very necessary criticism to earlier drafts of the law, which included specifically production sharing agreements, might be quieted."

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