Major Iraq Developments: New oil law being drafted; INOC law progress; New smuggling law moves forward…

Negotiators are hammering out a new draft Iraq oil law after previous versions stalled, and as Parliament is moving forward on two new laws, one reconstituting the state oil company and another cracking down on oil and fuel smuggling, Ben Lando reports for United Press International.

"Shortly, we'll see a new draft which there is more common ground," said Abdul-Hadi al-Hasani, deputy chair of the Iraqi Parliament's Oil, Gas and Natural Resources Committee, which has already seen four versions of a draft oil law. The latest draft is based on "good dialogue" between the central and Kurdistan region governments, he said, and the Council of Ministers will soon approve it and send it to his committee.