UPDATE:Iraqi Kurdish Parliament OKs Kurdish Oil Law : August 06, 2007

[zimbu]

LONDON -(Dow Jones)- The Iraq Kurdish parliament Monday approved the autonomous region's oil law, signaling the Kurds are moving forward with their own petroleum policy as Iraq's federal oil plans languish in Baghdad.
The move by the Kurdish Parliament, which came Monday afternoon, marks the latest effort by the Kurdish regional government to exert its quasi-indpendent powers, but is likely to anger Iraq's main Shiite and Sunni ethnic groups.


"The legislation will now go to (the Kurdistan Regional Government's Prime Minister Nechirvan) Barzani," and should be signed in a metter of days, Kurdish Oil Minister Ashti Hawrami told Dow Jones Newswires by telephone from Erbil, the Kurdish capital in northern Iraq.

The passage of the law doesn't change the fact that most big international oil companies are unlikely to initiate business with the Kurds at the moment. Companies like ExxonMobil Corp. (XOM) have their eyes set on Iraq's big oil reserves located in the country's Shiite south and don't want to upset their chances of doing business in greater Iraq by entering into deals with the Kurds before Iraq's federal oil law is in place.



Full article here


http://money.cnn.com/news/newsfeeds/articles/djf500/200708061220DOWJONESDJONLINE000341_FORTUNE5.htm


Zimmer
(http://money.cnn.com/news/newsfeeds/articles/djf500/200708061220DOWJONESDJONLINE000341_FORTUNE5.htm)

[wishn1hand]

Iraqi Kurdish PM Barzani Approves Regional Oil Legislation

IRBIL, Iraq (AP)--Iraq's autonomous Kurdish government approved a regional oil law Tuesday, officials said, paving the way for foreign investment in their northern oil and gas fields while U.S.-backed federal legislation remained stalled.

http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20070807%5cACQDJON20070807114 9DOWJONESDJONLINE000423.htm&

[krazyfordinars]

LONDON -(Dow Jones)- The Iraq Kurdish parliament Monday approved the autonomous region's oil law, signaling the Kurds are moving forward with their own petroleum policy as Iraq's federal oil plans languish in Baghdad.
The move by the Kurdish Parliament, which came Monday afternoon, marks the latest effort by the Kurdish regional government to exert its quasi-indpendent powers, but is likely to anger Iraq's main Shiite and Sunni ethnic groups.


"The legislation will now go to (the Kurdistan Regional Government's Prime Minister Nechirvan) Barzani," and should be signed in a metter of days, Kurdish Oil Minister Ashti Hawrami told Dow Jones Newswires by telephone from Erbil, the Kurdish capital in northern Iraq.

The passage of the law doesn't change the fact that most big international oil companies are unlikely to initiate business with the Kurds at the moment. Companies like ExxonMobil Corp. (XOM) have their eyes set on Iraq's big oil reserves located in the country's Shiite south and don't want to upset their chances of doing business in greater Iraq by entering into deals with the Kurds before Iraq's federal oil law is in place.



Full article here


http://money.cnn.com/news/newsfeeds/articles/djf500/200708061220DOWJONESDJONLINE000341_FORTUNE5.htm


Zimmer
(http://money.cnn.com/news/newsfeeds/articles/djf500/200708061220DOWJONESDJONLINE000341_FORTUNE5.htm)


i like this a lot! the Kurds are forcing the agenda. kuddos to the Kurds.

[Voyeur]

"is likely to anger Iraq's main Shiite and Sunni ethnic groups."


Good, they should be angry. They should be angry at the way they have allowed the Iraqi people to starve and live in squaller. Maybe now they can get their Shiite and Sunni heads together and save the country and it's people. I know that's what the Kurds have in mind. THEN, they can all agree. Voyeur.

[zimbu]

Thanks!

Zimmer

[wishn1hand]

welcome :wave: