Iraqi oil experts: Don't rush oil, gas law
Baghdad, 19 July 2007 (Voices of Iraq)
A total of 108 Iraqi oil experts called on the Iraqi parliament on Wednesday not to rush into passing the law on oil and gas, one of the most controversial laws on the Iraqi political scene.
The controversial law was recently ratified by the Iraqi cabinet after a number of Shura Council amendments were made to it, described by the government as "peripheral." The law was referred to the parliament for approval and is currently under discussion by its committees. The current draft gives foreign investors the right to set up refineries and oil facilities and to invest in them for 50 years, after which they will belong to the Iraqi government.
"If a man is not a liberal at eighteen, he has no heart. If he is not a conservative by the time he is thirty, he has no mind" - Winston Churchill