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News Diplomacy

Iraqi Kurdish groups firm on draft oil law

Iraqi President Jalal Talabani (L) and  the head of the semi-autonomous Kurdish region in northern Iraq, Massoud Barzani, have solved the disagreement on the country's draft oil law.
Iraqi President Jalal Talabani (L) and the head of the semi-autonomous Kurdish region in northern Iraq, Massoud Barzani, have solved the disagreement on the country's draft oil law.
A disagreement that emerged last week between the two mainstream Iraqi Kurdish political parties concerning the country's draft oil law has been overcome and the draft is expected to be approved today at the regional Kurdish parliament in northern Iraq, according to a report on pukmedia.com, the official Web site of the Patriotic Union of Kurdistan (PUK).

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The disagreement between parliamentarians from Iraqi President Jalal Talabani's PUK and Massoud Barzani's Kurdistan Democratic Party (KDP) surfaced at a special parliamentary session last Tuesday when PUK deputies left the assembly in protest, pukmedia noted in its report posted from Arbil on Monday.

While deputies of the KDP -- whose leader Barzani is also head of the autonomous Kurdish region in northern Iraq -- wanted to push for the draft's approval, PUK deputies had reservations as they believed that approval of the draft, given that it is still being debated by the central government, might lead to straining relations with Baghdad.

However, PUK deputies were persuaded that the draft needed to be discussed and approved shortly, pukmedia.com said, and added that PUK deputies would vote in favor of the draft at today's session. The draft law, which concerns control over Iraq's huge oil reserves, has been submitted to the central parliament, but the 275-seat legislature has yet to debate it.

Most of Iraq's proven oil reserves are located in the Shiite south and the Kurdish north. Iraq sits on the world's third-largest oil reserves, and officials have been struggling since last year to finalize the draft law, which is vital for Iraq to attract investment from foreign firms to boost its oil output and rebuild its economy.

31 July 2007, Tuesday

TODAY'S ZAMAN  ANKARA

   

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Hrant Dink’s ‘deep family’ attends case hearing
NGOs call for calm amid prospect of violence in Southeast
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India-Turkey: Time to translate commonalities into closer bilateral ties
Ankara defies US pressure on normalization process with Armenia
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Report: Israel restricts tourism advertisements involving Turkish Cyprus
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