Iraq takes step closer to landmark oil law
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Iraq's cabinet approved changes to a draft oil law on Tuesday, taking a big step towards meeting a key political target for national reconciliation set by the United States.
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Iraq's presidency council said on Sunday a measure that would give thousands of former members of Saddam Hussein's Baath party their old jobs back had become law, finalizing a key piece of legislation sought by Washington.
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The U.S. Democratic-led Senate is moving closer to rewriting the measure that paved the way for President Bush to invade Iraq nearly four years ago, two top Democratic lawmakers said on Sunday.
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Iraq's parliament may take a week to start debating a landmark draft oil law, officials said on Wednesday, as complaints from Kurdish authorities and Sunni Arab politicians signaled its passage could be rocky.
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"Slow as a turtle" was how one Iraqi lawmaker on Tuesday described Iraq's faltering progress in meeting political benchmarks set by Washington to encourage national reconciliation and end sectarian violence.
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Iraq Prime Minister Iyad Allawi has  extended for 30 days emergency laws that give his government  special powers to crack down on insurgents, the government said  in a statement on Thursday.
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International oil companies have launched voluntary efforts to train Iraq's oil workers and provide technical assistance, hoping to generate goodwill and eventually get access to the country's huge oil reserves.
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BAGHDAD, July 3 -- Iraq's cabinet has again approved draft legislation establishing a framework to manage the country's vast oil resources, Prime Minister Nouri al-Maliki said Tuesday, but has not yet acted on a potentially more contentious companion law that would govern the distribution of oil...
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Iraq's crucial oil and electricity sectors still need roughly $50 billion to meet demand, analysts and officials say, even after the United States has poured more than $6 billion into them over more than four years.
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Prime Minister Nouri al-Maliki fears the Americans will torpedo his government if parliament does not pass a law to fairly divvy up the country's oil wealth among Iraqis by the end of June, close associates of the leader told The Associated Press on Tuesday.
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Iraq's presidency council on Sunday issued a controversial law that allows lower-ranking former Baath party members to reclaim government jobs, the final step for the first U.S.-backed benchmark approved by parliament.
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Iraq isn&#39;t part of its quota system -- pump about 1.1 million barrels a day over their agreed 27 million barrels a day target, leaving them room to cut production without adjusting the target.
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BAGHDAD, Feb. 24 -- Leaders of Iraq's oil-rich Kurdish region have apparently approved a draft oil law that will be presented to Iraqi lawmakers in coming weeks, an eagerly awaited breakthrough that is expected to professionalize and expand drilling in the country.
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Iraq's average oil output rose again in December, marking a roughly 30 percent increase since the start of 2007, the country's oil ministry said Saturday.
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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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BAGHDAD - A carefully constructed compromise on a draft law governing Iraq's rich oil fields, agreed to in February after months of arduous talks among Iraqi political groups, appears to have collapsed. The apparent breakdown occurs just as Congress and the White House are struggling to find evidence that there is progress toward reconciliation and a functioning government here.
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Iraq's main political parties are deadlocked over a key oil law and the legislation has been sent back to party leaders to see if they can salvage it, an official involved in the talks said Thursday.