RealNews

Iraqis water down the draft oil law

Iraqi officials said Friday that a U.S.-backed draft oil law will soon be returned to the Cabinet for approval after Kurds agreed to a compromise revenue-sharing measure. But they said many key sticking points remain unresolved — and not even addressed — in the watered-down legislation. The United States has pressed the government of Prime Minister Nouri al-Maliki to pass the oil law and several other pieces of benchmark legislation as a means of spurring reconciliation among the country’s sectarian and ethnic groups. Full Story

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