Under the agreement, oil revenue would be shared by the central government and Iraq’s 18 provinces, and split roughly according to their populations. It was unclear which entity would control the money, though one Iraqi leader said it would be the central government.
“The agreement is that the distribution would be under the control of the federal government,” said the leader, Saleh Mutlak, a member of the committee charged with writing the constitution.
If it holds, the deal will constitute a major advance in the effort to complete a constitution. The control of oil revenue, which provides the bulk of Iraq’s income, could significantly strengthen the hand of the central government over the regions, like Kurdistan and southern Iraq, that are pushing for greater self-rule.
Most of Iraq’s oil is concentrated in fields well to the south and north, raising fears, especially among the Sunni Arab population, that the revenues will fall under the control of the Shiite Arabs and the Kurds. Until this week, Kurdish leaders were demanding that they keep at least 60 percent of the money earned from oil in their area, in the north. A Kurdish official said Friday that they had dropped that demand.
“This is a formula that everyone can agree on,” said Mahmood Othman, a Kurdish member of the constitutional committee.
This was in light of the Iraq's Constitution which was completed one day ahead of schedule which will require an October 15 referendum (see page 9 and don't be shy to read the rest of the pdf file) to accept the Constitution by voters to held in another National Election on December 15, 2005.
While you are at it, check out the latest massive infrastructure works in Iraq succumbing to massive quagmires in Iraq.
And they said that the primary U.S. motive was entirely about controlling Iraq's oil? The Kos Kids think so. From all indications they would love nothing better than to see Iraq fail.
UPDATE: Check out "Generation Why" on how the oil cost is divided in the United States and how much profits are actually made. Thanks to "Generation Why" for linking to my blogsite here.
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