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 Iraq Draft Oil Measure Sent to Parliament

 Source : Washington.Post
  Kurd Net does not take credit for and is not responsible for the content of news information on this page

 


Iraq Draft Oil Measure Sent to Parliament 3.5.2007 


Mahmoud Othman, a Kurdish legislator. Kurds are unhappy with the percentage of underground oil
resources that would be controlled by the Iraqi National Oil Company


May 3, 2007


BAGHDAD, -- Iraq's oil minister said the country's draft oil law was submitted to parliament on Wednesday, setting up potentially bitter negotiations over the creation of a framework for managing the country's vast petroleum supplies and distributing oil revenue.

Oil Minister Hussein al-Shahristani told reporters in Saudi Arabia that he believed the legislation would be passed by the end of the month.

But some Iraqi parliament members expect a more protracted struggle, as Sunnis, Shiites and Kurds vie for shares of revenue from the world's third-largest oil reserves.

The prime minister of the Kurdistan Regional Government, Nechirvan Barzani, told Prime Minister Nouri al-Maliki that Kurds would not accept the oil law unless a piece of companion legislation, and accompanying annexes detailing revenue distribution, were amended.

The changes would allow the Kurds greater concessions in developing oil fields in their territory, according to Mahmoud Othman, a Kurdish legislator.

Kurds are unhappy with the percentage of underground oil resources that would be controlled by the Iraqi National Oil Company, effectively putting the resources under national, rather than regional, jurisdiction.

"The Kurds will not accept the law to be put before the parliament as a first part and a second part -- it needs to be a package," Othman said. "The whole problem is because this law was made in a hurry, and the Americans were rushing everyone to do it. The details haven't been discussed, that's why there's no agreement."

Mehdi Hafedh, a parliament member and former planning minister, said he believed that the Kurdish opposition was determined but that eventually a compromise solution would be reached. "I think that the draft in principle can be a good basis for discussion," he said.

washingtonpost com 

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