3-24-13 Mountainman: HCL is coming, bet on it!! Iraq is losing daily fifty million dollars because of their inability to enact this oil and gas agreement. It’s crucial and it’s reached its boiling point. All parties involved are losing, there are no winners here and international pressure is mounting. This was supposed to be passed but the House of Representatives said at the last minute their was a minor dispute over political visions.
Not only is this going to be huge for the oil sector and Iraq’s economy in general but also support all the other legislation held up in Parliament as a result of being tied to it. They’re bickering over 3 different proposals which when enacted (I believe very, very soon), will be good for the federal government and of course all the citizens who have been waiting for equitable distribution. Now that the budget is officially in the gazette, which is far from a RV but progress and next on the menu for the House should be finalizing one of the three HCL drafts.