During the Oil for Food days, Saddam had a sweetheart deal with France, Russia, and China for cheap oil. What's left of it is now being divided up under a new revenue sharing law. That sounds a little bit more fair.
Why were France, Russia, and China against attacking Saddam Hussein in 2003? Because they stood to lose a lot of money. Because they were violating the Oil-for-Food resolution with reckless abandon and making money hand over fist while doing it. I don't know what their status is now, but back then they had something of a adulterous political relationship with Saddam. It kind of gives you a better perspective on why George W. Bush went around the thugs in the United Nations, doesn't it? It makes you wonder if you can trust what the French, Chinese, and Russian governments say about the United States.
At any rate, a new revenue sharing law has been agreed to, that seems to be amenable to all parties:
...for the last month, Hawrami said, the revenue sharing has been on the front burner. Disagreements had been over how to split percentages and exactly the mechanism for collecting and redistributing the funds.
The new law would split revenue into external and internal accounts, to be divided between the regions -- Kurdistan is the only formal region currently -- and provinces, "after the deduction for the federal government's needs to do its federal duties," he said, "like defense and foreign office, the rest of it, which is according to the constitution."
"The external will capture all the oil revenue and any other revenue -- for example donations, loans and so on," Hawrami said. "All the internal taxes and customs collected on behalf or by the federal government will go to an internal account."
During the Oil for Bribes heyday, Russia got 30% of Saddam's bribes, France 15%, and China 10% (I think Halliburton was getting the other 45%). Revenue now looks like it'll be distributed more equitably.