Thread: Iraqi Union Set to Strike over Oil Law

Iraqi Union Set to Strike over Oil Law

Published by Steve Kretzmann May 9th, 2007 in Oil, Iraq Tags: Iraq, Oil.

UPDATE - Apparently the strike deadline has now been moved until Monday May 14th.

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Iraq’s largest oil workers’ trade union will strike tomorrow, in protest at the controversial oil law currently being considered by the Iraqi parliament. The move threatens to stop all oil exports from Iraq.

The oil law proposes giving multinational companies the primary role in developing Iraq’s huge untapped oilfields, under contracts lasting up to 30 years. Oil production in Iraq, like in most of the Middle East, has been in the public sector since the 1970s.

Iraqi Union Set to Strike over Oil Law at Oil Change

The Kurds are going to be pretty pissed off if PSA's are outlawed...
Ironically, the oil workers are more likely to benefit from being a part of an international oil company - have you seen the wages rises these guys have been getting recently?

Originally Posted by Latherty

The Kurds are going to be pretty pissed off if PSA's are outlawed...
Ironically, the oil workers are more likely to benefit from being a part of an international oil company - have you seen the wages rises these guys have been getting recently?

Iraqi oil wealth would benefit the population significantly more if the industry remained nationalized. A Privatized oil industry leaves Iraqis with crumbs.