VP Hashemi opposes U.S.-backed draft oil law

Iraq's vice president said Sunday he opposes a draft law that is key to the future of his country's lucrative oil sector, saying it gives too many concessions to foreign oil companies...

"We disagree with the production sharing agreement," Tariq al-Hashemi told reporters on the sideline of an international conference hosted by the Geneva-based World Economic Forum.

"We want foreign oil companies, and we have to lure them into Iraq to learn from their expertise and acquire their technology, but we shouldn't give them big privileges," al-Hashemi said.

Read the rest at the International Herald Tribune

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