Iraq's new oil law aims to centralize control over the nation's oil, potentially undermining Kurdistan's autonomy and furthering Russia and China's influence in the region while excluding Western interests.
Rather like the man falling from the 20th floor of an office block saying ‘So far, so good’ when asked how he is doing, so several Iraq oil industry watchers have characterised the inexorable move towards a unified oil law being rolled out across the country. Untroubled though the journey may be, however, the thud at the end of it is likely to mark a stark new reality from which the West is excluded.
Again this was not too difficult and was achieved by the Russians acting as the ‘devil in the ear’ of the KRG’s teams that have tried to negotiate subsequent ‘budget disbursements for oil sales’ deals to the one originally agreed in 2014.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fears new law could allow ministers to reduce buffer zone sizes in ScotlandFEARS have been raised about powers Scottish ministers could have to reduce the size of buffer zones around abortion clinics if fresh legislation is…
Read more »
New law to ensure 40 per cent of trains run during strikes, government announcesThe government will introduce a new law which they say will ensure 40 per cent of trains will still run on strike days.
Read more »
New law to ensure 40% of trains run during strikes, government announcesMinisters also promise minimum service levels for border security staff and ambulance workers in what they say will prevent disruption over Christmas.
Read more »
Rishi Sunak to give annual system of awarding new oil and gas licences the green lightThe plan - which the prime minister said would allow the UK to transition to net zero in a 'proportionate' way - is expected to be unveiled in the King's Speech.
Read more »
Tory Chaos As Minister Admits New Oil And Gas Plan Will Not Bring Down Energy BillsKevin Schofield is Politics Editor of HuffPost UK.
Read more »
How Rishi Sunak’s new oil and gas plans will affect energy bills and net zeroThe Government claims the UK can still hit climate targets by allowing new oil and gas drilling. Experts say the reality is more complicated
Read more »