SENATE DEMOCRATS BEGIN IRAQ HEARINGS
Yahia Said, director of Iraq Revenue Watch, discusses the situation in Iraq during a Senate Foreign Relations Committee hearing about problems in Iraq on Capitol Hill in Washington on January 10, 2007. (UPI Photo/Roger L. Wollenberg)
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The Bush administration would press the Iraqi government to adopt an oil trust fund for distributing revenue or risk economic assistance under a bill proposed by Sens. Hillary Clinton and John Ensign.
WASHINGTON, April 24 (UPI) -- Iraqis would be forced to pay for U.S. efforts in their country directly or via loans from the United States if any of at least five similar pieces of legislation introduced on Capitol Hill this month is approved.
WASHINGTON, April 3 (UPI) -- Negotiators are hammering out a new draft Iraq oil law after previous drafts stalled and as Parliament is moving forward two new laws, one reconstituting the state oil company and another cracking down on oil and fuel smuggling.
WASHINGTON, March 11 (UPI) -- Iraq is improving its anti-theft operations guarding oil and fuel from the black market, but an international audit highlights more work to be done.
WASHINGTON, March 7 (UPI) -- The head of the Senate Armed Services Committee wants U.S. auditors to investigate the Iraqi government's spending on reconstruction as both U.S. and Iraqi funds in the rebuilding effort came under fire on Capitol Hill this week.
DUBAI, United Arab Emirates, Sept. 10 (UPI) -- Both Iraq’s federal government and the Kurdistan Regional Government are upset by each other’s efforts in reaching a deal on a national oil and gas law and have announced moves to develop the oil sector without it.