Hands Off Iraqi Oil is a UK coalition opposing any foreign exploitation of Iraq's oil reserves that rips off the Iraqi people. Members include Corporate Watch, Iraq Occupation Focus, Jubilee Iraq, Naftana, PLATFORM, Voices UK, and War on Want. To get more information check the link above, to be added to our updates list, please email: handsoffiraqioil@googlemail.com.

Hassan Jum'a, head of the Iraqi oilworkers' trade union, has commented that the Iraq war takes place in two phases: first, the military invasion and occupation, and second, the economic war.

The first phase has brought death and destruction to Iraqis for nearly four years. But right now, the economic war is being fought, which risks leaving Iraqis with nothing, even when the violence eventually comes to an end.

Decisions are being made in late 2006 and early 2007, under heavy pressure from the US and UK, and international institutions such as the International Monetary Fund, which could hand control of Iraq's most important resource - oil - to multinational companies.

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