Al-Maliki's government endorsed the first draft of a privatization law in February 2007 and on August 28, 2011 endorsed an amended draft which the parliament has yet to adopt.
Iraqi trade unions, amid popular protests, opposed and fought the privatization draft laws. Their offices were raided, computers confiscated, equipment smashed and their leaders arrested and prosecuted. Nonetheless, the parliament could not pass the law.
Al-Maliki government began awarding contracts to international oil and gas giants without a law in place. They are illegal contracts, but valid as long as there is a pro-privatization government in Baghdad.
U.S. Executive Order 13303
Former British and U.S. leaders of the invasion of Iraq, Tony Blair and George Bush junior, were on record to deny that the invasion had anything to do with oil, but the U.S. President Barak Obama has just refuted their claim.
On last May 16, Obama signed an Executive Order to extend the national emergency with respect to Iraq for one year. His predecessor Bush signed this "order" for the first time on May 22, 2003 "to deal with the " threat to the national security and foreign policy of the United States posed by obstacles to the continued reconstruction of Iraq."
Details of Bush's Executive Order (EO) No. 13303 are still kept out of media spotlight. It declared that future legal claims on Iraq's oil wealth constitute "an unusual and extraordinary threat to the national security and foreign policy of the United States."
Section 1(b) eliminates all judicial process for "all Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, in which any foreign country or a national thereof has any interest, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of United States persons."
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