Iraqi government meeting with oil companies in Dubai, 2-4 Sep

Iraqi government officials are currently in Dubai for a three-day meeting with oil industry executives to discuss the fate of Iraq's oil fields.

It comes ahead of the reopening of Iraq's parliament following a month-long summer recess on Tuesday (5 September), when the controversial oil law will be back on the table.

Whether Vice President Adel Abdul-Mahdi's confident predictions that the law will pass in early September remains to be seen. But if it does, Big Oil will be ready.

Conference details: http://www.iraqdevelopmentprogram.org/idp/events/iog/index.htm

See also the page on the hydrocarbon law:

"The implications of the hydrocarbon law for international oil companies looking to work in Iraq are huge, with the arrangement allowing for regional government officials and local companies to engage in contracts with any foreign corporations.

All international oil companies will now be looking at Iraq as a viable investment destination, though the Iraqi Government has stressed the need to be selective in choosing its partners, not always looking for the best financial options but also the best strategic partners, with companies from the US, Europe, Russia, China and India all having the opportunity to invest in Iraq."

http://www.iraqdevelopmentprogram.org/idp/news/business/newolilaw.htm