IEI Comments on Iraq National Oil Company (INOC) First Draft Law (English) [Report]

1962

This document includes detailed comments on the INOC draft law submitted to the Iraqi Parliament. Basically, the draft requires a lot of work and as written now it is just creating another government department and almost re-branding the Ministry as INOC (except without political or OPEC functions), which doesn’t get Iraq anywhere. Iraq needs a professional and independent company that is properly managed and held accountable, and whose area of responsibility and authorities are restricted and clearly defined.

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