A major restructuring of Iraq’s oil sector appears to be delayed — and could possibly be derailed — by a legal challenge. Parliament Speaker Salim Jabouri (center) presides over a legislative session. (Source: Council of Representatives) A coalition of Iraqi oil technocrats has filed a legal challenge against a law to re-establish the Iraq National Oil Company (INOC), which is likely to delay – if not derail – a major restructuring of the country’s oil sector. Under the law, which took effect in April , the government has a six-month window to set up the new state company, which is supposed to take over many of the Oil Ministry’s most important powers in managing Iraq’s oil and gas resources. This content is for registered users . Please login to continue. If you are not a registered user, you may purchase a subscription or sign up for a free trial […]