Iraqi Negotiations Irk Oil Law Author
“The pledge by some Iraqi politicians to pass the new oil law by the end of June is not likely to be fulfilled, and Iraqi lawmakers are not expected to tackle this issue until after the parliamentary recess scheduled for the end of July,” Greg Priddy, global energy analyst at the business risk consultant Eurasia Group, wrote Tuesday in the firm’s Energy Trendwatch. “By then, all branches of the Iraqi government will come under tremendous pressure from the U.S. administration, which has listed the new hydrocarbon law as a major priority to be addressed by mid September, when it is expected to submit a full report to the U.S. Congress.”
Mark your calendars.