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Iraqi workers strike against oil law, 2007

Country
Iraq
Time period
27 April, 2007 to 11 June, 2007
Classification
Defense
Cluster
Democracy
Economic Justice
Total points
9 out of 10 points
Name of researcher, and date dd/mm/yyyy
Elliana Bisgaard-Church, 14/11/2011

In the 1960s, the Iraqi government began nationalizing the oil industry.  In 1966, the government created the Iraq National Oil Company, which was to eventually control all sects of the oil industry except for refining which was already under control of the Oil Refineries Administration.  Complete nationalization occurred in 1972.  Iraq has a proven 115 billion barrels of oil reserves, the third largest amount in the world.