Parliament is currently considering an oil law to share the country's oil and gas among Shiites, Sunnis and Kurds -- one of the benchmarks sought by the United States to achieve national reconciliation.
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Iraq to Create a Refining JV with Canada
Northern Iraqi regional government is negotiating with two Canadian firms on a joint venture to construct an oil refinery and continue work
Northern Iraqi regional government is negotiating with two Canadian firms on a joint venture to construct an oil refinery.
But Kurdish officials are facing opposition from the central government in Baghdad, and on Sunday a group of about 145 Sunni and Shiite lawmakers in parliament expressed their deep concerns against "any individual act" in Iraq's natural resources.
Iraq, the holder of the world's third-largest crude oil reserves with an estimated 115 billion barrels, aims to boost production to 3 million barrels per day by the end of 2008.
Parliament is currently considering an oil law to share the country's oil and gas among Shiites, Sunnis and Kurds -- one of the benchmarks sought by the United States to achieve national reconciliation.
Parliament is currently considering an oil law to share the country's oil and gas among Shiites, Sunnis and Kurds -- one of the benchmarks sought by the United States to achieve national reconciliation.
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