Thursday, January 11, 2007

FREDO, OIL & IRAQ

I was puzzled by this statement Fredo made last night:

To give every Iraqi citizen a stake in the country's economy, Iraq will pass legislation to share oil revenues among all Iraqis.


I was puzzled because the Iraqi Constitution already guarantees that:

SECTION FOUR: POWERS OF THE FEDERAL GOVERNMENT

Article 108:

Oil and gas are the ownership of all the people of Iraq in all the regions and governorates.

Article 109:

First: The federal government with the producing governorates and regional governments shall undertake the management of oil and gas extracted from current fields provided that it distributes oil and gas revenues in a fair manner in proportion to the population distribution in all parts of the country with a set allotment for a set time for the damaged regions that were unjustly deprived by the former regime and the regions that were damaged later on, and in a way that assures balanced development in different areas of the country, and this will be regulated by law.

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