Circle Oil the new Cairn Energy

IRAQI KURDISH LEADER SAYS TALKS ON OIL LAW PROMISING
Kurdish regional Prime Minister Nechirvan Barzani said on December 18 that his recent meetings with Iraqi Prime Minister Nuri al-Maliki concerning an oil law were promising, "Irbil Peyamner" reported the same day. "Regarding the issue of fuel, our views were similar and I am positive that we will reach an agreement. As for the law on oil, it will be announced in the next few days. According to the constitution, oil is the property of all Iraqis," he said. Barzani also said both sides agreed to allocate 17 percent of the national budget to the Kurdish region. Barzani expects the agreement to be formally endorsed on December 21.