KurdistanObserver.com

Nechirvan Barzani, Maliki Discuss Draft Oil Law

KUNA

BAGHDAD, December 18, -- Iraqi Prime Minister Nouri al-Maliki on Monday conferred with a delegation representing the Kurdistan regional government led by Prime Minister Nechirvan Barzani discussing a draft law on oil and instruments to put it into effect.

The draft law evolves around transfer of oil revenues to the federal government's treasury, which in turn would distribute them to the country's different regions according to population proportions.

Earlier talks between the federal government in Baghdad and the Kurdistan regional government resulted in an agreement to allocate 17 percent of the state's 2007 budget to Kurdistan.