How much of Britain's oil has been stolen Folkiedave? How much of Norway's? In fact how much of anybody's oil has been stolen?

Oh yes the PSA's, do you mean like the ones that Saddam negotiated with the French and the Russians where they got the 75% of the profits for 25 years and preferential tax breaks, or do you you mean like the one negotiated by the Kurds with the Norwegian Company DNO where DNO bear all the costs for exploration and for installation of the the production facilities in return for a 40% stake in the field on which they then pay full royalties and tax. Ah, of course I forgot with Saddam and the Russians and the French it wasn't just about oil was it, there was a the pressing need to find ways of paying for a massive arsenal of weaponry.

Just to re-iterate - the draft law:

Article 1 - Ownership of Petroleum Resources

Oil and gas are owned by all the people of Iraq in all the regions and Governorates.

Other provisions katlaughing.

Article 6 - Creating the Iraq National Oil Company

INOC owns and operates all main transportation pipelines
INOC owns and operates all export loading facilities

Article 9 - Grant of Rights (Fourth Point)

All model contracts shall be formulated to honour the following objectives and criteria:
1. National control;
2. Ownership of the resources;
3. Optimum economic return to the country;
4. Appropriate return on investment to the investor; and
5. Reasonable incentives to the investor for ensuring solutions which are optimal to the country in the long term related to:
a. Improved and enhanced recovery;
b. Technology transfer;
c. Training and development of Iraqi personnel;
d. Optimal utilisation of infrastructure;
e. Environmentally friendly solutions and plans.

Oh, by the bye Folkiedave, as you have read the new Draft Law, you can tell everybody why the likes of Exxon and BP have no legal framework in place to operate in Iraq (Shell which is a Dutch Company Folkiedave) is because for them to operate in Iraq Folkiedave they have to have local partners (Iraqi's or Iraqi Companies) who will own 51% of that joint business, i.e. Folkiedave they will control it.

Katlaughing, to hell with your bloggs, I am perfectly capable of reading information from source and forming my own opinions, I don't need to be advised as to what I have to think by anybody.