Our only friends in Iraq, the Kurds are signing their own contracts for newly discovered fields with Norwegian and Turkish oil companies. They don't like the unfavorable terms of the draft oil law and the loss of Kurdish autonomy. They are going ahead on their own with better deals and rejecting the draft oil law.
In Iraq, the Kurds have taken issue with a new provision that was quietly packaged with the draft oil law by the Shiite-led Oil Ministry last month. The measure would essentially cede control of the management of nearly all known oil fields and related contracts to a state-run oil company to be established after passage of the law, said a spokesman for the Kurdish regional government.
The Sunnis are expressing opposition because they believe that law would give too much control to foreign oil companies. If both the Sunnis and Kurds remain opposed to the law, it is DOA.