US official: Iraq needs oil law« Thread Started on Dec 4, 2007, 3:45pm » --------------------------------------------------------------------------------US official: Iraq needs oil lawBy BRADLEY BROOKSread at source> http://www.businessweek.com/ap/financia ... AOO380.htm BAGHDAD A top U.S. Treasury official said Tuesday that international oil companies are ready to invest in Iraq despite the dangerous security situation, but they are largely holding off because the nation hasn't passed a new oil law.