Crude Designs:

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By Greg Muttitt

PLATFORM with Global Policy Forum,
Institute for Policy Studies (New Internationalism Project)
New Economics Foundation
Oil Change International and War on Want

November 2005
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Acknowledgements


Researched and written by Greg Muttitt of PLATFORM www.carbonweb.org, with assistance from Guy Hughes and Katy Cronin of Crisis Action www.crisisaction.org.uk.

Advice on economic modelling provided by Dr Ian Rutledge of Sheffield Energy & Resources Information Services (SERIS) www.seris.co.uk

Published by PLATFORM with Global Policy Forum, Institute for Policy Studies (New Internationalism Project), New Economics Foundation, Oil Change International and War on Want - November 2005.

Design by Guy Hughes www.power-shift.org.uk. Cover design by Ishka Michocka www.lumpylemon.co.uk.

Printed by Seacourt Press on recycled paper (75% post-consumer waste) using a waterless process in compliance with ISO 14001 and EMAS.


Contents
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Executive Summary

Glossary

Chapters:

1 - The ultimate prize: Anglo-American interests in Gulf oil

2 - Re-thinking privatisation: Production sharing agreements

3 - Pumping profits: Big Oil and the push for PSAs

4 - From Washington to Baghdad: Planning Iraq's oil future

5 - Contractual rip-off: the cost of PSAs to Iraq

6 - A better deal: Options for investment in Iraqi oil

7 - Conclusion