Quote: “WE NEED A MODERN OIL & GAS LAW”: Prime Minister Masrour Barzani Highlights outdated 1975 Legislation In an exclusive interview with Al Jazeera, Kurdistan Region Prime Minister Masrour Barzani emphasized the urgent need for Iraq to enact a comprehensive federal Hydrocarbon Law, revealing that current energy sector regulations in Iraq still rely on legislation dating back to 1975. Iraq’s Oil is the Dinar’s Revaluation.” Iraq running on a 51 year old oil & gas law is actually crazy and so is IQD being worth $.00076. It is a no-brainer for Iraq to finally pass the HCL and increase the purchasing power of the dinar. Inevitable if Iraq is to ever prosper. :Ross
