Good News from Baghdad at last: the oil law has stalled

GUARDIAN - Glad tidings from Baghdad at last. The Iraqi parliament has gone into summer recess without passing the oil law that Washington was pressing it to adopt. For the Bush administration this is irritating, since passage of the law was billed as a "benchmark" in its battle to get Congress not to set a timetable for US troop withdrawals. [...] The law that Washington and the US oil lobby really want would set the arrangements for foreign companies to operate in Iraq's oil sector. Independent analysts say the terms being proposed are far more favourable for foreign oil companies than those of any other oil-producing state in the region, including Kuwait and Saudi Arabia.