The Australian website has this good read today and it goes in part like this... Iraq’s cabinet signed off yesterday on draft legislation to manage Iraq's vast oil industry and share its wealth among the country's ethnic and sectarian groups... Passing a law to help settle potentially explosive disputes over the world's third-largest oil reserves has been a key demand of the US, which has linked it to continuing support for the Shia-led national unity Government of Prime Minister Nouri al-Maliki... hailed the measures as "another foundation stone" in the building of a new Iraq... The legislation now goes to parliament for approval but it is unclear when the 275-member parliament will vote on the measure...
Read this good news in full at link below...
Iraq deal on law to share oil riches
MonstersAndCritics.com has this take on the story... Iraqi Prime Minister Nuri al-Maliki announced in a press briefing Tuesday that his cabinet would pass a newly-approved draft law on oil and natural gas to parliament for voting...
Read the rest of the story at link below...
Iraqi Cabinet approves oil draft law; refers it to parliament
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