Iraq takes step closer to landmark oil law
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Iraq's cabinet approved changes to a draft hydrocarbon law on Tuesday and sent it to parliament for immediate debate, taking a big step towards meeting a key political target set by the United States.
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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 &#151; and not even addressed &#151; in the watered-down legislation.
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Iraq's leaders stepped back from the   brink of a political crisis on Sunday in the hope of preventing   a dispute over local control of oilfields erupting into all-out   sectarian civil war.
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CALGARY, Alberta  - Iraq's oil ministry has called  for new bids to develop an oil field in the war-torn country, a  major setback for the Canadian company that appeared to have  won the contract, a top executive with the firm said on Friday.
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BAGHDAD, Feb. 13 -- The Iraqi parliament on Wednesday passed three key measures that for months had been the subject of bickering that threatened to undermine the country's political process.
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Blending diplomacy with American firepower, Iraqi interim Prime Minister Ayad Allawi is moving closer to bringing rebel areas under government
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Iraqi legislation intended to resolve the politically charged question of distributing the country's oil wealth is nearing completion, the chairman of a panel drafting the law said Saturday.
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A draft law allowing Iraq's oil revenues to be split between ethnic groups is sent for a vote in the country's parliament.
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Secretary of State Condoleezza Rice visited Iraq on Tuesday for meetings with the Iraqi government, which last week passed the first in a series of long-awaited laws aimed at reconciling Iraqis, officials said.
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Almost until the eve of the invasion of Iraq in March 2003, U.S. oil companies, including ExxonMobil and ChevronTexaco, were among the largest purchasers of Iraqi crude oil.
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Iraq's oil minister said Tuesday that crude oil began to flow from his country's northern oil-rich Kirkuk to a Turkish export terminal last week &#151; for the first time since Saddam Hussein was toppled in 2003.
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CALGARY, Alberta  - Iraq's oil ministry has called  for new bids to develop an oil field in the war-torn country,  blindsiding the Canadian company that appeared to have won the  contract, a top executive with the firm said on Friday.
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The move marked a major agreement among the countryâs ethnic and sectarian political blocs on one of Iraqâs most divisive issues.
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BAGHDAD/BEIRUT  - Iraq's cabinet on Monday endorsed a draft oil law crucial to regulating how wealth from the country's vast oil reserves will be shared by its ethnic and sectarian groups, a move hailed as a major political milestone.
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Iraqi interim Prime Minister Ayad Allawi said Sunday that he was getting closer to authorizing major military action against insurgents in the restive city of Falluja, in Anbar province west of Baghdad.
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Attempts to pass a key oil law sought by the U.S. were snarled once more Wednesday by deep differences among Iraq's Sunni, Shiite and Kurdish leaders, delaying parliament debate despite the prime minister's claims of a breakthrough.
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Developments in Iraq on Saturday: