pump some oil baby

Draft Oil Measure Sent to Parliament

Home (Washington Post) - BAGHDAD, May 2 -- Iraq's oil minister said the country's draft oil law was submitted to parliament on Wednesday, setting up potentially bitter negotiations over the creation of a framework for managing the country's vast petroleum supplies and distributing oil revenue.

Oil Minister Hussein al-Shahristani told reporters in Saudi Arabia that he believed the legislation would be passed by the end of the month. But some Iraqi parliament members expect a more protracted struggle, as Sunnis, Shiites and Kurds vie for shares of revenue from the world's third-largest oil reserves.

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