Progress on two key oil laws
Iraq's long-delayed laws to govern the oil sector and restart the national oil company will receive hearings next week.
Deputy Prime Minister for Energy Affairs Hussain al-Shahristani (L) and Adnan Janabi (R), the chairman of Parliament's oil and energy committee, give a press conference in Baghdad. Shahristani's energy committee in the Cabinet is taking up the long-stalled hydrocarbon framework law, while Janabi's committee is pushing legislation that would reconstitute the Iraqi National Oil Company. (BEN VAN HEUVELEN/Iraq Oil Report)
BAGHDAD - Two laws that would dramatically alter the contentious landscape of Iraq's oil sector – and potentially de-politicize its operations – will be taken up by two committees next week.
Parliament's Oil and Energy Committee is scheduled to debate a law to reconstitute the Iraqi National Oil Company (INOC), and the Cabinet's Energy Committee – led by Hussain al-Shahristani, the ex-oil minister, current deputy prime minister for energy affairs, and key ally of Prime Minister Nouri al-Maliki – will take up the oil and gas law.
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