Early indications

BC -

Our government has hand-twistedly decided to keep a United Nations watchdog IAMB to monitor the use of our oil wealth for another year, to reverse a 3 week old announcement that concluded the annulment of the mentioned agency.

The statement is “part of a US-drafted text extending the mandate of the occupying forces in Iraq until the end of 2007”!

Besides the somewhat defunct Oil ministry and the unregulated Oil laws, Iraq has failed to lure foreign Oil companies through the existing ‘cake-bite’ production sharing agreement. Out of the 80 nos. of Iraq’s Oil fields only 16 are operational.

“The decision was made at the request of governments donating money to Iraqi reconstruction!” said our deputy UN ambassador, Faisal Amin al-Istrabadi.