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[14] [15] One stumbling block was the unpopularity of the law, as it is perceived by the Iraqi people. An opinion poll conducted in 2007 by Oil Change International and other groups shows 63% of Iraqis surveyed would "prefer Iraq's oil to be developed and produced by Iraqi state-owned companies [than] by foreign companies".
Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well.
Between 100,000 barrels per day (16,000 m 3 /d) and 300,000 barrels per day (48,000 m 3 /d) of Iraq's declared oil production over the past four years could have been siphoned off through corruption or smuggling, according to a US Study from May 12, 2007. [34] National quality mark of Iraq
This article was written by Oilprice.com -- the leading provider of energy news in the world A wave of violence has swept parts of Iraq in 2014 as the central government fights back against Al ...
Iraq was cut off from a large portion of its military supplies with the fall of Mosul, Iraq's second-largest city, last June. Low oil prices are only making rebuilding it and paying new soldiers ...
Khawr Al Amaya Oil Terminal Iraqi oil production has surged after years of disorder. [1] Historical development of oil production. Iraq was the world's 5th largest oil producer in 2009, and has the world's fifth largest proven petroleum reserves. Just a fraction of Iraq's known fields are in development, and Iraq may be one of the few places ...
Heading for Turkey to the north and Iran to the east, hundreds of oil tankers snake each day from near Kurdistan's capital Erbil, clogging the Iraqi region's often winding and mountainous highways.
After seizing control of the Iraqi government, Qasim demanded better terms from IPC but decided against nationalization of Iraq's petroleum assets. [2] In 1961 Iraq passed Public Law 80 whereby Iraq expropriated 95% of IPC's concessions and the Iraq National Oil Company was created and empowered to develop the assets seized from IPC under Law ...