Sterling say cash flow will increase by 400% in 2006

Already argueing on another board about the importance of my news on the oil law, so before the same things are said here, here is my response:

If the present agreements were disputed and went to a court of law then the agreements would be upheld as the ability for Kurdistan to sigh agreements is part of the constitution. However as I have said before it is in no ones best interest for there to be conflict over the issue. In the past, Kurdistan have even threatened to break away from Iraq if current agreements were not honoured, such is the need for oil companies to start drilling, and in negoitiations Kurdistan said that the present agreements were non negoitiable. On the issue of PCS`s both the Kurdistan government and the Federal government have both stated that PSC`s will be given once the oil law is signed, but there was a time that Kurdistan stated that if there was any delay in granting PCS`s then they would announce them regardless of any oil law having been signed. I therefore do not expect any delay in PSC`s after the signing of the oil law. The way I read this is that Kurdistan have got what they wanted but it had to be presented in a way that was acceptable to the Federal government. Kurdistan will sign their PSC`s and they will get rubber stamped. Anything else will put Kurdistans future in Iraq in doubt.