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Teen solves centuries-old math problem
BAGHDAD, Aug. 3 (UPI) -- The Cabinet of Iraqi Prime Minister Nouri al-Maliki approved a draft law to reinstate the Iraq National Oil Co., sending the matter for parliamentary approval.
Iraqi government spokesman Ali al-Dabbagh confirmed Cabinet approval of the measure during the weekend, the Voices of Iraq news agency reports.
"The Cabinet has decided to approve a draft law on the Iraq National Oil Co. and referred it to the Parliament," he said.
Baghdad sees the reinstatement of a national oil company as a key to boosting oil production while securing government control over energy resources.
Dabbagh said the Maliki government approved the measure to ensure exploration, development and production of national hydrocarbon reserves moved forward.
Previous efforts for a national oil company had stalled over ethnic disputes over the share of Iraqi oil wealth.
The new measure, however, does not name the operations for the company in an effort to avoid regional disputes between Kurdish and central governments in Iraq.
Iraq established its national oil company in 1964. Iraqi dictator Saddam Hussein dismantled the company in 1987, however.
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