24 August 2005 Iraq’s new draft constitution, which is awaiting a final vote by the National Assembly, offers significant power to the country’s many regions in determining how to manage Iraq’s oil wealth. The draft copy of the constitution, however, remains vague on major issues regarding oil policy and future investments, opening the way to different interpretations and possibly disputes which could delay the opening up of Iraq to international…
Tag: constitution
Iraq Vote Carries Seeds For Oil Conflict
14 October 2005 Iraqis are set to vote Saturday on a new draft constitution intended to usher in a new era, which should see the country edge closer toward the establishment of state institutions and adoption of new laws, including in the oil sector. However, all this will do little to unite a divided country — and it could even instigate new conflict over the distribution of oil wealth, analysts…