Article: “Oil and gas laws: a crux of Erbil-Baghdad tension By Omar Moradi” Quote: “The lack of oil and gas federal legislation has been the root cause of problems between Erbil and Baghdad since the Iraqi constitution was approved in 2005. Now there is a government in Baghdad that has shown its desire to resolve these problems through dialogue, and the success of the new Kurdistan Regional Government (KRG) cabinet depends on whether the oil and gas issue is resolved with Baghdad” IMO, the federal legislation contemplated by the foregoing article is “THE HCL”. If the HCL law is a condition precedent or attendant to our liquidity event, then we are not there yet.
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