Iraq to Set Up National Oil Firm

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The Iraqi parliament will vote in weeks on founding the state-owned National Iraqi Oil Company, former Iraqi Oil Minister said on Tuesday.

“The main goal of the new Iraqi oil and gas bill is founding a National Iraqi Oil Company which can regulate the oil and gas sectors which suffer from lack of coordination between several decision maker and administrative units” Ebrahim Bahr Al Uloum said in remarks to alalam TV.

Alalam