New Oil Law Likely To Be The End Of Iraqi Kurdistan’s Independence Dream

A series of legal rulings by Iraq’s Federal Supreme Court (FSC) on 21 February underlined that the planned New Oil Law being worked on by the government of Iraq in Baghdad will be the final agent of change that will end any semblance of independence for Iraqi Kurdistan. And for Western oil companies working in the region, it looks like the future has been cancelled. To begin with, the FSC ruled that the Kurdistan Regional Government (KRG) must turn over “all oil and non-oil revenues” to Baghdad. This marks the end of any debate…