A different Iraq oil law approved

Council of Ministers end-around feuding factions – for now – and move to restart the national oil company with support of key political blocks.

Forget the oil law. Forget revenue sharing. It all comes down to getting the oil out of the ground, into the refineries or export pipelines.This is done by Iraq’s state-owned oil companies, for now operating as subsections of the Oil Ministry.But a law just approved by the Council of Ministers and sent to Parliament would remove at least one pair of the handcuffs of Saddam Hussein’s power grip on the oil sector and free the state companies from politics, to focus on the task at hand:...

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