INOC law receives Oil Ministry backing
National company would strip ministry of most oil operations; plus an update on the Nassiryah contract and the second bidding round.BAGHDAD - The Oil Ministry actually favors relinquishing its current – and arguably most important – role: pumping Iraq’s oil and gas fields.
"The oil sector has to be away from the political conflict in Iraq," said spokesman Assem Jihad. "We wish to establish an independent company; independent financially and independent in management."
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