[lbo-talk] Iran, a model for oil privatization

[Robert Wrubel]

What is the difference between privatization and
nationalization in the countries where those terms
apply?  Let's say the proposed Iraq oil law is as bad
as privatization gets, as close to outright thievery. 
Iraqis get, what?, 15% or 20% of some extracted value.

 At the other end, how much does Venezuela keep for
itself?  How much does it have to pay to the oil
majors, or Halliburtons, to get the stuff out of the
ground and refined? And how do we describe Saudi
Arabia?  Half privatized, half nationalized?  

Maybe Iran, the girl that everyone wants to marry, can
strike a good deal?  And maybe no oil will flow
without marrying someone?

BW (seeking enlightenment)

--- Doug Henwood <dhenwood at panix.com> wrote:


> 
> On Oct 13, 2007, at 2:15 PM, uvj at vsnl.com wrote:
> 
> > 130 iranian energy companies will be privatized in
> 7 years.
> > Deputy director of the National Iranian Oil
> Company says oil  
> > privatization
> > in Iran can serve as a model for other regional
> countries.
> >
>
http://www.presstv.ir/Detail.aspx?id=26143&sectionid=351020103
> 
> Oh, that's beautiful. And Chevron and Total were at
> the meeting!  
> Populist and anti-imperialist indeed.
> 
> Doug
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