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: kurds
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…
In Kirkuk, Oil Firm Struggles Back to Feet
24 April 2003 Until two weeks ago, Iraq’s North Oil Co. (NOC) was responsible for production capacity of more than 1 million barrels per day, centering on the giant Kirkuk oil field. Output came to an abrupt halt two weeks ago, when northern Iraq fell to US-led forces. And now, NOC appears to have been battered almost out of existence: Its headquarters are destroyed, its data is lost, and equipment…
Divided They Stand
28 November 2002 After several delays — and a huge amount of infighting — key Iraqi dissidents in exile are finally set to meet in London on Dec. 10 with the goal of establishing a common stand over the shape of an Iraq without Saddam Hussein. Signs aren’t hopeful. The meeting, called by the US administration, is expected to discuss issues ranging from the establishment of a government in exile…