The Iraqi parliament voted April 27 to approve the draft law naming the city of Basra the economic capital of Iraq. It is just one of a number of concessions given to Basra in the past year, including allowing the city the right to earn revenue from two of its smaller natural gas fields, allowing it to rename the South Oil Company the Basra Oil Company and giving the position of Iraqi oil minister to Basrawi Jubair al-Luaibi — the first Basrawi ever to be given the post. Basra is the primary driver of the Iraqi economy. Basra province is home to the five highest yielding Iraqi oil fields and produces roughly two-thirds of Iraq's oil, an amount roughly equivalent to the entire amount neighboring Kuwait produces.