Iraq Inches Closer to Oil Legislation Deal but Key Issues Remain
Article from: OGEL 4 (2007), in Iraq
Introduction
On 21 June 2007 in the evening, the Kurdistan Regional Government made public the draft law for financial revenues which has been negotiated with the central government in Baghdad and which will form part of a wider package of oil-related legislation also to include laws for the administration and organisation of the oil sector and foreign investment ("the oil law"), the reorganisation of the oil ministry, as well as the reconstitution of the Iraq National Oil Company (INOC). Until now, the focus has been on the "oil law" itself, of which a final draft was leaked in March ...