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Who will control Iraq’s oil? Draft law would open door for multinationals to move in
PWW (reposted)
Under heavy pressure from the U.S., Iraq’s cabinet approved a draft oil law, Feb. 26, that would effectively shift control of the country’s huge oil resources to multinational corporations, experts charge. Iraq’s Parliament has yet to see the details, but U.S. and British oil corporations and the International Monetary Fund have been involved in the drafting process since early 2006.

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