Iraq Punishes Oil Firms With KRG Deals

16 January 2008 Iraqi Oil Minister Hussein al-Shahristani has followed up on threats to punish companies that sign deals with the Kurdistan Regional Government (KRG) by canceling the memoranda of understanding (MOU) some had inked with his ministry, a ministry source told International Oil Daily from Baghdad Tuesday. This is the first concrete step toward depriving them of any future deals with Baghdad. Al-Shahristani had persistently told companies that Baghdad…

Iraq: Splits Dog Oil Law

9 March 2007 Having waited so long for a law offering the framework necessary to regularize and legitimize future investments in Iraq’s vast oil resources, international firms itching to get their hands on the biggest Mideast opportunity in decades now find consensus — perhaps the most important ingredient of all — lacking. Iraqis are divided over the legitimacy of signing contracts while the country is wracked by chaos, and some…

Iraqi Parliament Sets Ball Rolling for Autonomous South Region

12 October 2006 The Iraqi parliament on Wednesday approved a controversial law which sets out the procedures for the country’s 18 provinces to hold referendums to merge themselves into larger federal regions with a measure of self government. Although the powers of the autonomous regions would include signing their own oil deals with international oil companies, they would have to wait until 2008 when the new law goes into effect….

Federalism or Bust

15 September 2006 The debate over Iraqi devolution, which many regard as synonymous with carving the country up into autonomous mini states, has started. The principle was enshrined in the Iraqi constitution adopted last year. But as the stuttering launch of the parliamentary debate underlines, it’s not just the local drivers of the proposal — mainly Shiite groupings and, to a lesser extent, Kurds — whose interests are involved, regional…