Middle East Economic Survey


No 19



Hopes Of Meeting End-May Deadline For Iraqs Oil Law Recede

Any hope of meeting the 31 May deadline for the Iraqi parliament to approve the countrys draft hydrocarbon law, along with annexes, the revenue sharing law and an agreement on model contracts, now seems unrealistic, MEES soundings indicate. Speaking exclusively to MEES on 2 May, Oil Minister Husain al-Shahristani declined to rule out an agreement by 31 May, but hinted that achieving...