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UK Press: Iraqi Political Parties Reach Oil Revenue Pact

Source: www.gulfoilandgas.com 8/30/2006, Location: Middle East

Iraq's main political factions have hammered out an agreement on the sharing of oil and gas revenues but other contentious issues need to be resolved before a draft hydrocarbon law is completed, the Financial Times reports Wednesday, citing a senior Iraqi official.

Oil and gas revenues would be shared out at the federal level and redistributed to the regions according to population and "needs," said Deputy Prime Minister Barham Salih.

This would still provide an incentive to regional oil companies to maximize output.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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