Middle East Economic Survey

VOL. LIV

No 36

5-Sep-2011

IRAQ

Iraqi Cabinet Approves Draft Oil Law

Iraqs cabinet on 28 August announced it had approved a final draft of the Oil and Gas Law, sending it to parliament for final passage. It has been almost four and a half years since disputes between Baghdad and the Kurds derailed an earlier agreement on a draft federal oil law, and this latest attempt to push through federal hydrocarbon legislation is also proving controversial.

The cabinet has...