Oil Minister Thamir Ghadhban, a longtime proponent of reconstituting the Iraqi National Oil Company (INOC), is pushing the Iraqi Cabinet to redraft the law that would govern the company. Iraq’s Parliament passed a law in March to resurrect INOC, which was founded in 1964 and disbanded in 1987 by Saddam Hussein. The new company is supposed to assume the operational authority of the oil sector, leaving the Oil Ministry with only its regulatory duties.