Wednesday, March 14, 2007

Two key Iraq parties oppose oil law

BAGHDAD, March 13 (UPI) -- Two Iraqi political parties, including one of the former prime minister, said the draft hydrocarbons law should be tabled until the security situation improves.

"We believe that the time is not right for dealing with this issue. We should, above all, deal with security matters before debating this draft," said Hussein al-Falluji, a member of Parliament representing the Iraqi Accordance Front, a Sunni party...

If approved, the law will outline control over oil development and how revenue is distributed. It has, however, been criticized for being too generous to private, foreign companies.

The Iraqi National Slate, the party of former Iraqi Prime Minister Iyad Allawi, has also objected to the law.

Read the rest at UPI

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