RealNews

Iraqi Parliament debates oil law next week

Iraq’s Parliament will begin debate next week over the long-stalled and highly controversial oil law, the first post-Saddam Hussein law governing oil and gas. The first version of a new oil law was approved by negotiators in February 2007, but the political road has been rough for the legislation. It’s seen by some as necessary for bringing needed foreign investment; others say it will guide Iraq in rebuilding its own domestic oil company strength. Full Story

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