Iraq: Kurdistan Regional Government Pursues Oil Autonomy

Iraq: Kurdistan Regional Government Pursues Oil Autonomy

November 12, 2014 | 1808 GMT

The Kurdistan Regional Government’s Cabinet submitted to Congress two laws that would improve the country’s autonomy over its oil sector, Rudaw Media Network reported Nov. 12. The first law would create a bank account to consolidate the country’s oil revenue, providing more transparency. The second would create a publicly owned company to oversee the contracting of oil discovery, production and export. The bill will be voted on when the country’s parliament reconvenes Nov. 17. The Kurdish Regional Government has long tried to gain more influence over its oil production.