The problems with the HCL

[rockfl9]

I dont know how the HCL is involved with a rate change .  I have not seen any details with the latest draft law. But the last one back in 2010 had several flaws. 

First it only offered $2 / bbl to the producing provinces and they expected $5.

Second , it required all flaring be eliminated in 4 years.  This would require scrubbers and processors and the associated piping at every oil field.  Very expensive.and reduces output.

Third,  ALL present and future oil fields were to come under direct control of the National Oil Company.  The Kurds would NEVER agree to that.

Finally and most important the current oil management like their jobs just the way they are,