Iraq’s oil and gas law, the HCL, has sat dead since 2007. This week Baghdad and Erbil shook hands on the revenue split…It decides who owns the barrel and who banks the money, and the dinar’s new rate is tied to that split…Nouri al-Maliki, the former premier who guarded the old money, is reported losing his post and the immunity that came with it. The man who kept the law buried for 19 years becomes, for the first time, prosecutable…The rails being built are transparent by design, and the old skim cannot run on them, so the routes get scrubbed first. : Reset Intelligence
