Iraq unions vow 'mutiny' over oil law

July 20, 2007
Iraq unions vow 'mutiny' over oil law

BAGHDAD, July 20 (UPI) -- Iraq's unions say the draft oil law is a threat and threaten "mutiny" if Parliament approves the bill.

"This law cancels the great achievements of the Iraq people," Subhi al-Badri, head of the Iraqi Federation of Union Councils, told the al-Sharqiyah TV station. He referred specifically to laws that nationalized Iraq's oil sector.

Iraq holds 115 billion barrels of proven reserves, the third largest in the world, and likely much more when the country is fully explored.