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Iraqi hydrocarbon prize of U.S. invasion in danger

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Nicola Nasser
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EO 13303 was rubber-stamped by the UN Security Council Resolution No. 1483, which protected the U.S.-controlled governmental institutions in Iraq.

Muttitt wrote in August 2012: "In 2011, after nearly nine years of war and occupation, U.S. troops finally left Iraq. In their place, Big Oil is now present in force."

"Big Oil" is now the only guarantor of the survival of the U.S. proxy government in Baghdad, but the survival of "Big Oil" itself is now threatened by the escalating and rapidly expanding armed opposition.

Obama said the "threats" and "obstacles" to U.S, interests in Iraq have not changed eleven years after the invasion; Iraq has not enacted yet a hydrocarbon law to legalize the privatization of its oil and gas industry.

The developments of the last week in Iraq vindicate Obama's renewal of EO 13303. The U.S. war on Iraq is not over and it is not won yet. Hence Obama's recent extension of the national emergency with respect to Iraq for one year.

Since Great Britain granted Iraq its restricted independence in 1932, the nationalization of Iraqi oil wealth was the national and popular battle cry for complete sovereignty. It is now the battle cry of the armed opposition.

Iraq has been targeted by western powers since the "republic" under the late Abd al-Karim Qasim enacted law No. 80 of 1961, which deprived foreign companies of the right to explore in 99.5% of the Iraqi territory, but mainly since the Baath regime led by the late Saddam Hussein decided to nationalize the hydrocarbon industry on June 1, 1972.

* Nicola Nasser is a veteran Arab journalist based in Birzeit, West Bank of the Israeli-occupied Palestinian territories.

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*Nicola Nasser is a veteran Arab journalist in Kuwait, Jordan, UAE and Palestine. He is based in Ramallah, West Bank of the Israeli-occupied Palestinian territories.
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