"Robbery!"

Iraqi Oil Workers Union Founder Calls US-Backed Oil Law Is "Robbery"

In the wake of the Iraqi cabinet's approval of part of a controversial oil law, Amy Goodman of Democracy Now! interviews Faleh Abood Umara, general secretary of the Federation of Oil Unions and a founding member of the oil workers union in and Hashmeya Muhsin Hussein, president of the Electrical Utility Workers Union and the first woman to head a national union in Iraq.
"Robbery" defined:

Article 111 of the Iraqi Constitution...states that the oil and gas of Iraq are owned by the Iraqi people and they have the right to control it. But when you look into the details of the law, many of the articles of the law actually conflict with this preamble of the law, the most important point of which is the issue of the production-sharing agreements, which allows the international oil companies, especially the American ones, to exploit the oil fields without our knowledge of what they are actually doing with it. And they take about 50% of the production as their share, which we think it’s an obvious robbery of the Iraqi oil...We also object to the procedure by which these companies are given the contracts for exploiting the oil, because it allows the granting of the contracts with the aid of foreign advisers. We demanded that it’s actually the Iraqi experts that need to be consulted with regards to the granting of the contracts.

Yup, it's robbery. And the passage of it will be the only measure of 'success' USers may EVER see in consequence of the ICORP of Iraq.