BAGHDAD - The Parliament Oil and Energy Committee is exploring a way to guarantee the sanctity of contracts already signed by both the central government and the semi-autonomous Kurdistan region, in an effort to secure political progress on the long-delayed oil law.
Contrary to local media reports, a crucial law to govern Iraq's highly disputed but massive oil sector is not on the Parliament's formal agenda, as the country weathers a political crisis. Yet the Parliament committee responsible for the legislation is planning to push it forward, and key players consider the recognition of all existing contracts to be the single greatest prerequisite for political progress.
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