medicineman
New Member
A second Bush-set and Democrat-adopted benchmark that the government of al-Maliki must meet concerns Iraq's oil industry and Iraqi multibillion-dollar oil revenues. Both rivals agree that the new Iraqi oil law should be adopted this year to favour investing foreign oil companies with 70 percent of oil revenue to recoup their initial outlay, then companies can reap 20 percent of the profit without any tax or other restrictions on their transfers abroad. Both parties seek to distribute the oil revenues on ethnic and sectarian basis in accordance with the new draft hydrocarbon law. The Democrats had proposed that by July 1 of this year Bush must certify that progress is being made on these issues or US "withdrawal" will begin within 180 days. The wide spread Iraqi opposition to this law is a major contributor to the civil war.
There it is in a nutshell. Oil revenues. Who said this was not blood for oil, Ho, Ho, Ho. This was a long article, I just condensed it.
There it is in a nutshell. Oil revenues. Who said this was not blood for oil, Ho, Ho, Ho. This was a long article, I just condensed it.