Reuters – [1/30/2012]
After five years in the making, Iraq’s parliament could have a first reading of a landmark oil law by early February, a senior Iraqi energy official said on Monday.
Adnan al-Janabi, head of Iraq’s oil and energy committee, said he “hoped for some movement next month” on the legislation that is crucial to resolving a bitter feud between Baghdad and the semi-autonomous Kurdistan region over oil rights.
Janabi’s committee has been poring over two versions of text that address the core disagreements between Baghdad and Arbil: the role of the governorates, the composition of the federal council, the ability of the regions and governorates to sign contracts and the issue of previously signed contracts. (more…)