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May 23, 2006: Iraq’s New Oil Minister Says Country Needs an Oil Law to Guarantee Rights of Foreign Companies

2006-05-23

Iraq’s new oil minister, Hussein al-Shahristani, says that Iraq will need international assistance and billions of dollars in investment to develop its oil sector. “There is need to pass an oil and gas law to guarantee the right conditions for international companies to help develop the Iraqi oil sector,” he says. [Dow Jones Newswires, 5/23/2006]