1. Why did the U.S. invade Iraq in 2003?

2. U.S. intelligence produced reports showing Saddam Hussein was in possession of nuclear weapons.

3. DHL, Aid and Iraqi Oil Implications of the Draft Hydrocarbon Legislation and Foreign Aid on the Iraqi Oil Infrastructure and Trade Mechanisms.

4. Background Information Oil in Iraq Number one export Third largest known reserves in the world Oil Infrastructure Basics Current Law Allocations Security Environment Invasion Current

5. Crude Oil Statistics

6. Crude Oil Statistics (Cont.)

7. Draft Hydrocarbon Legislation Undivided ownership of Oil wealth Creation of Oil bodies FOGC INOC MOI Contract Regulation

8. Trade Facilitation through Monetary Policy Aid for Trade Pre-Invasion Oil For Food Program IRRF Creation of CPA Security Funds IMF Funds Post-Conflict Assistance SBA’s

9. Impact on Oil Policy Economic dependence on Oil Created more secure environment Future investment Foreign influence in Policy making mechanisms PSAs Regional Contracts

10. Problems With DHL and Current Programs DHL problems with Federal vs. Regional control Contracting Fund distribution PSAs Internal Issues Refining Corruption Oil Smuggling

11. Analysis Need for a DHL Ratification Clearly defined allocation Contract Distribution Mechanism Other additions Security Anti-Corruption mechanism Aid Overall beneficial Can eventually impinge upon Iraq

12. Questions?