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State Dept. says Iraq oil trust fund bill could derail revenue sharing and oil laws

Plus: *Oil Minister Shahristani blames KRG oil deals for oil law delay *Top two on Parliament energy committee dispute oil issues *Former South Oil Co. head made official ministry adviser *Parliament sends electricity crisis to special committee *Kurdish MPs want Iraq-U.S. draft deal altered, fearing attack *Elections law debate postponed *Ethnic tensions expanded, explained *Much […]

An Iraqi oil trust fund proposed by Sens. Hillary Clinton and John Ensign may derail Iraqi government negotiations on already divisive oil and revenue-sharing laws, a State Department official said, Ben Lando reports for United Press International. (NOTE: Registration is free but now required to read UPI.)

Legislation recently introduced by Clinton, D-N.Y., and Ensign, R-Nev., requires the U.S. State Department to present to the Iraqi government an "oil trust plan" or lose a portion of Iraq reconstruction and economic funding.

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