Some 60 Iraqi parliamentaians, Ministers and experts have arrived in Dubai for a meeting on the Iraqi Oil Law Wednesday 18 April 2007.
According to an Iraqi official working for the Iraqi parliament told reporters in Dubai that " members of the Iraqi parliament will meet with technical experets to discuss the oil law in Dubai away from the influences in Baghdad"
the offical said at least three ministers will attend the meeting including the Iraqi Oil Minister Mr Hussein Shahastani.
In February 2007, the Iraqi Council of Ministers adopted the draft Oil Law. The Oil law awaits ratification by the Iraqi parliament.
According the Iraqi oil Minister that average production in December 2006 was 2.3 millions barrels a day. Iraq is the third largest oil reserve in the world but with an ailing econmoy that needs billions of dollars to revive.
Posted at April 18, 2007 12:22 PM