A Clarification about INOC draft law: The Council of Ministers (CoM) passed on July 28th by a majority vote a draft law for the re-establishment of Iraq National Oil Company “INOC”. A number of points were raised by the Shoura Council, Ministry of Finance, Ministry of oil and the Legal Directorate in the Council of Ministers Secretariat and a number of recommendations were made by the Advisory commission. All were…
Tag: Ghadban
Iraq Watch – Legal Limbo
9 November 2008 In response to the controversy over whether the Iraqi oil ministry has the right to award oil field development contracts under its first bid round, former Oil Minister Thamir Ghadhban argued that the ministry relies on a 1987 law that placed the powers to sign contracts into the hands of the oil minister and on the fact that the 2005 Iraqi constitution does not require the legislature’s…
Iraq to Establish Body to Speed up Awards
16 July 2008 The Iraqi government will soon submit a draft law to the legislative council on setting up a National Council for Reconstruction and Development tasked with speeding up contract awards for strategic projects, including oil field development contracts, a senior Iraqi official said Tuesday. Iraqi Prime Minister Nouri al-Maliki said Monday that the cabinet had endorsed the new body on Jul. 13. He will preside over the council,…
Iraqi Oil Law Still Awaits Kurds’ Approval
28 June 2007 Iraq’s draft petroleum law is still awaiting the go-ahead from Kurdish officials following changes to the text introduced by the state Shura Council, a panel of judges tasked with reviewing the legal language of the draft, a senior Iraqi government official said Wednesday. “We have sent the draft to the Kurdistan Regional Government (KRG) and we are waiting for their comments on the changes in the language…