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 Iraqi Kurdistan government approves draft oil, gas law 

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

 


Iraqi Kurdistan government approves draft oil, gas law  26.6.2007




June 26, 2007

Erbil-Hewler, Kurdistan region (Iraq), -- Iraqi Kurdistan's region's prime minister, Nechirvan Barzani, said on Monday that he sent a message to the federal government in Baghdad containing his government's approval of the draft oil and gas law.

Speaking at a press conference in Arbil, he said, "I sent a message to Iraqi Prime Minister Nouri al-Maliki to update him on our approval of the proposed draft law and we will wait to have it sent to the parliament."

The draft oil and gas law for the management of oil resources is considered one of the most controversial issues in Iraq, and there are differences among political blocs on the law regarding the equitable distribution of revenue.

Kurdistan Regional Government (KRG) Prime Minister Nechirvan Barzani.
The law, if approved by parliament, will give Iraqi and foreign investors the right to set up establishments and oil refineries and use them for 50 years.

Most of Iraq's known oil reserves are located in the Shia-dominated south and the Kurdish north.

Iraq sits on the world's third-largest oil reserves and officials have sought, since last year, to finalize the draft law.
The law is vital for attracting foreign investment to Iraq, to boost its oil output and rebuild its economy.

Recent disputes have arisen after Iraq’s oil ministry warned regions in late April against signing contracts until the law was passed.

The Kurdistan regional government has signed several agreements with foreign companies.
Meanwhile, the prime minister of the Kurdistan region commented on the recent Anfal rulings by saying "We are glad of these rulings."

He denied any Kurdish demands to accelerate the executions or to have them carried out in Kurdistan. Iraq's Supreme Court on Sunday sentenced Ali Hassan al-Majid, also known as Chemical Ali, former Iraqi defense minister Sultan Hashim and former military official Hussein Rashid al-Tikriti to death.

The court found the cousin of former Iraqi president Saddam Hussein, Hashim and Tikriti guilty of committing crimes against humanity in the 1980s genocide of Kurds, known as Operation Anfal.

The court also sentenced former Iraqi intelligence official Farhan Motlak al-Juburi and military intelligence chief Saber Abdul-Aziz al-Dori to life in prison, wrapping up the Anfal case that took about 60 sessions to reach the verdicts.

Court president, Judge Mohammed Oraibi al-Khalifa, also found defendant Taher Tawfiq al-Aani, the former governor of Ninawa, not guilty due to insufficient evidence of his involvement in Operation Anfal.

Anfal was an anti-Kurdish campaign found to be led by the former regime between 1986 and 1989, which involved a series of military campaigns against the Kurdish Peshmerga fighters and the mostly Kurdish civilian population of southern Kurdistan.

VOI 
 

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