Iraq cabinet approves bill on national oil company

BAGHDAD (Reuters) – Iraq’s cabinet approved a draft law establishing a National Oil Company, the government spokesman said on Wednesday, but added the company could not be set up without passage of a package of delayed energy laws.

“This law is connected to the oil and gas law, they’re all one package … It’s a technical issue, but (the decision) is not activated because it’s tied to a political issue,” spokesman Ali al-Dabbagh said.