Iraq has the third largest proven shares of crude reserves in the world, and oil exports are its single most important source of revenue, despite frequent insurgent attacks on oil facilities.
133
Iraq to Distribute Oil Revenues Across All its Provinces
Iraq's cabinet approved Monday a draft law on oil revenues
Iraq's cabinet approved Monday a draft law on oil revenues and will submit it to parliament for approval, Prime Minister Nuri al-Maliki said.
The law aims to distribute revenues from crude oil exports equitably across 18 provinces and open the sector to foreign investors. It has been a subject of fierce debate among leaders from Iraq's bitterly divided factions.
"This law is a gift to all the Iraqi people," he added.
Iraq has the third largest proven shares of crude reserves in the world, and oil exports are its single most important source of revenue, despite frequent insurgent attacks on oil facilities.
Iraq has the third largest proven shares of crude reserves in the world, and oil exports are its single most important source of revenue, despite frequent insurgent attacks on oil facilities.
Подпишитесь
