Iraqi Oil Law: Deal Reached

News Type: Event — Seeded on Wed Apr 16, 2008 4:18 PM EDT

Article Source: United Press International

Iraq's central and Kurdish region governments have reached a deal on an oil law, including a method for weighing the validity of the oil deals the Kurds have signed with foreign firms, the top government spokesman told United Press International.

Ali al-Dabbagh said an agreement has also been made on the classification and funding for the Kurds' security forces, the Peshmerga, which will become a battalion within the Iraqi Ministry of Defense. And he said the sides agreed to allow the U.N. process for determining the future of oil-rich Kirkuk and other disputed territories to play out.

"There is an understanding between the central government and the regional government for the oil law," Dabbagh said in a telephone interview from Brussels, where Iraqi Prime Minister Nouri al-Maliki is meeting with EU officials. Maliki's governing coalition has seen defections and opposition growing over the past year. Dabbagh said political parties have recently pledged support, and meetings in Baghdad with top Kurdistan Regional Government officials have led to "a new atmosphere." …

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#1 - Wed Apr 16, 2008 4:18 PM EDT

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Iraqi Oil Law: Deal Reached

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