oil

britain's role in the iraqi oil law

antarchi's picture

'The UK government has played a key role in developing the oil law, alongside the US government. There are serious questions regarding the appropriateness of the UK, as an occupation power, participating in policy discussions on the future of Iraq’s natural resources. While attempts have been made to describe the British role as “advice”, it is highly unlikely that Iraqi officials would treat it as neutral advice, to be taken or left, given the UK’s military position'

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See this post for some of the details of the oil law, still being forced down the the Iraqi's throats. British citizens can - and should - urge their MP to sign EDM 1180, which 'calls on the Government to disclose to the House all representations it has made in relation to the oil law'. It appears they have been many.

Here are some of the more brazen attempts by the oil companies and the British government to bludgeon the Iraqis into submission:

  • Passage of the law was made a condition of relief of the foreign debts accumulated by the Saddam Hussein dictatorship, during his wars, and through his personal enrichment. In November 2004, the Paris Club of wealthy creditor nations agreed to conditionally cancel 80% of Iraq’s debts to them in three stages: 30% immediately, 30% when Iraq entered into an International Monetary Fund (IMF) programme, and 20% following a satisfactory review by the IMF after three years of the programme. Iraq entered an agreement with the IMF in December 2005. The conditions included the passage of a law opening Iraqi oil to foreign investment, by the end of 2006.
  • Future Iraqi oil policy was further developed under the Coalition Provisional Authority. During that time, former executives of multinational oil companies were appointed as senior oil advisers. Two of these advisers were paid by the UK taxpayer, and reported to the UK authorities in Iraq.
  • Six oil companies collectively appointed lobbyists, the International Tax & Investment Centre (ITIC), to push for Iraq to offer long-term oil production contracts known as production sharing agreements. ITIC was advised by officials of the FCO and HM Treasury on their strategy for influencing Iraqi decision-makers.
  • ITIC’s primary lobbying document, entitled Petroleum and Iraq’s Future, was sent to the Iraqi Minister of Finance in late 2004 by the British Ambassador to Iraq. According to ITIC, he “formally” submitted it to the Minister, implying UK endorsement of its contents...
  • Since the completion of the first draft of the oil law in July 2006, British officials in both Whitehall and Baghdad have actively worked on the law. It was first seen by British officials in July, eight months before it was seen by members of the Iraqi parliament, who first saw it in March 2007.

(emphasis mine)

the owners of oil

antarchi's picture

We must become the owners, or at any rate the controllers at the source, of at least a proportion of the supply (of oil) which we require....and obtain our oil supply, so far as possible, from sources under British control, or British influence.

, in a speech to Parliament (1919)

shaping the future of azerbaijan

antarchi's picture

Baker Botts has been drawing up the oil companies' contract documents that are becoming nothing less than the new rules that will govern this country's future. Touching everything from land acquisition for military security actions, the contracts supersede all conflicting domestic legislation. On behalf of BP and its partners, Baker Botts is shaping the future of Azerbaijan...The agreements don't trump only current domestic laws, but also all future laws for up to 60 years.

, 2002.

not cleaning up

antarchi's picture

19 years have passed [since the Exxon Valdez oil spill, but] ExxonMobil still refuses to pay all of the court-ordered, $2.5 billion in damages...

This is the same company that reported the largest annual profit in U.S. history in 2006, with $39.5 billion. It followed up 2006, by besting its record of the previous year by reporting $40.61 billion in profit for 2007. And as the Washington Post noted, ExxonMobil's 2006 "revenue of $377.6 billion exceeded the gross domestic product of all but 25 countries."

no cyprus, no oil

antarchi's picture
No Cyprus, no certain facilities to protect our supply of oil. No oil, unemployment and hunger in Britain. It is as simple as that.

I accuse Shell of racism

antarchi's picture

I accuse Shell and Chevron of practising racism against the Ogoni people because they do in Ogoni what they do not do in other parts of the world where they prospect for oil. I accuse the oil companies of encouraging genocide against the Ogoni people... The profits from oil come to Britain because it is their technology that is keeping Nigerian oil going. So they have a moral responsibility to intervene... My mission has been to inform the West of the truth of what is happening in Nigeria, which has been hidden from them. I believe if people knew they’d do something about it and stop this robbery and murder that is going on in broad daylight.

, Ogoni writer and anti-Shell activist, 1993, killed by the Nigerian Government on 10/12/95

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