The American Bear

Sunshine/Lollipops

We strongly reject the privatization of our oil wealth, as well as production sharing agreements, and there is no room for discussing this matter. This is the demand of the Iraqi street, and the privatization of oil is a red line that may not be crossed.

Statement of Iraqi trade unions, December 2006

A Line in the Sand | Guernica

With foreign companies amassing higher stakes and a greater presence in the Iraqi oil business, Greg Muttitt traces the rise of Production Sharing Agreements (PSAs) and its effects on Iraqi sovereignty.