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Under the production-sharing agreements provided for in Iraq's draft oil law, foreign companies will not come under the jurisdiction of Iraqi courts. As a result, many believe that the country will not only lose out on its oil wealth, but also have its sovereignty compromised
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The "surge" in US troops in Iraq was calculated to send a message but not to the insurgency, rather to the Iraqi cabinet and the Iran government (which is the next target). The follow-up approval by the Iraqi quisling cabinet of the new US drafted "Iraqi" oil law will take Iraq oil out of reach of its people (and outside of the OPEC arrangements) and put it in the hands of a quisling government ministers who are obligated to appoint foreign (read US and British) company executives to an "Iraq Federal Oil and Gas Council" which will dictate policy and award contracts. Iraqi national oil company will thus be reduced to just another company competing for contracts. The continuing "surge" seeks to guarantee compliant follow through deliveries of Iraq's wealth into the pockets of others.
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