Iraqi Kurds Publish Draft Oil Law
London Financial Times
August 8, 2006
Iraq's Kurdish autonomous region yesterday published a draft version of a law giving itself the right to control petroleum operations in its own territory and the disputed province of Kirkuk.
A memorandum attached to the draft provided by the Kurdish regional government said a final version would be presented to the Kurdish parliament in September, and that it had also prepared a draft of a petroleum law for the entire country.
The move seems intended to rekindle debate on an issue which appeared to have been temporarily shelved. Iraqi officials say they hope to pass a hydrocarbons law this year, but many observers believe that it will be postponed until 2007.
The question of who controls oil exploration - whether it be Iraq's federal government or regions like Kurdistan - was dodged during the run-up to last year's constitution, which included vague language allowing the federal government to administer "current" fields provided it split revenues "in a fair manner" among the regions.
August 8, 2006
Iraq's Kurdish autonomous region yesterday published a draft version of a law giving itself the right to control petroleum operations in its own territory and the disputed province of Kirkuk.
A memorandum attached to the draft provided by the Kurdish regional government said a final version would be presented to the Kurdish parliament in September, and that it had also prepared a draft of a petroleum law for the entire country.
The move seems intended to rekindle debate on an issue which appeared to have been temporarily shelved. Iraqi officials say they hope to pass a hydrocarbons law this year, but many observers believe that it will be postponed until 2007.
The question of who controls oil exploration - whether it be Iraq's federal government or regions like Kurdistan - was dodged during the run-up to last year's constitution, which included vague language allowing the federal government to administer "current" fields provided it split revenues "in a fair manner" among the regions.
posted by Hanan Elbadry at 11:17 AM
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