KurdistanObserver.com

Iraq Sends US-backed Oil Law to Parliament

May 2, 2007

The Iraqi government has sent a draft oil law to parliament, the oil minister said on Wednesday, a major step towards meeting one of the political benchmarks Washington has set for Baghdad.

The announcement by Oil Minister Hussain al-Shahristani came on the eve of a conference in Egypt where foreign ministers from industrialized powers and the region will discuss how to stabilize Iraq and seek reforms in return for reconstruction.

The draft is crucial to regulating how wealth from Iraq's oil reserves would be shared by its sectarian and ethnic groups.

It was passed by Cabinet in February and hailed at the time by Shiite Prime Minister Nuri al-Maliki as a pillar of Iraqi unity. But a dispute between the central government and autonomous, oil-rich Kurdistan over control of the world's third largest oil reserves has delayed its submission. Speaking to reporters in Saudi Arabia, Shahristani said he hoped the bill would pass by the end of May.

"It has been sent to parliament now. There has been agreement among the political parties to work together to enact it by the end of the month," Shahristani said. "The KRG (Kurdish regional government) is not opposed to the draft law -- they are very happy with the draft law."

There was no immediate comment from Kurdish officials, who have said annexes in the draft are unconstitutional because they wrest oilfields from regional governments and place them under a new state-oil company.

US President George W. Bush, who on Tuesday vetoed legislation by the Democrat-controlled Congress that would have set dates for the withdrawal of US troops in Iraq, is pressing Maliki to push power-sharing agreements to help ease violence.

"In Baghdad, a non-binding legislative petition sponsored by anti-American Shiite cleric Moqtada al-Sadr calling for a US pullout timetable gathered 133 signatures out of the 150 MPs present at the 275-seat legislature on Wednesday," said Salih al-Ugeyli, a spokesman for Sadr's parliamentary bloc. Maliki has said US troops should leave Iraq once his army and police are ready to take over security. Some lawmakers said they signed Sadr's petition after adding a clause that said US troops should not leave as long as Iraqis were not ready. Haider al-Ibadi, a lawmaker and head of the economic and investment commission in parliament, told Reuters parliament had not received the draft yet.

 

 


 

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