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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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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Iraq's cabinet approved changes to a landmark draft hydrocarbon law on Tuesday and will submit the bill to parliament after months of bickering between the central government and Kurdish officials.
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A drafter of stalled Iraqi legislation to set ground rules for the country's oil policy said Tuesday "there is no sign of a compromise" that would lead to final approval by the parliament.
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Iraq's oil exports rose 9.2 percent last year, the Oil Ministry announced Thursday, largely because improved security allowed pumping to resume through a pipeline from northern oil fields.
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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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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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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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Iraqis are making some progress toward enacting legislative "benchmarks" the United States demands &#151; but probably not fast enough to satisfy critics of Iraq's political impasse. The bigger question: Would any laws passed by a parliament at each others' throats really lead to true unity?
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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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Prime Minister Nouri al-Maliki's Cabinet has approved a draft of a key oil law, and the Iraqi parliament was expected to begin debate on the measure Wednesday, an official said.
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Kurdish authorities have agreed to back a draft law to manage and share Iraq's vast oil wealth, removing the last major obstacle to approving the measure and meeting a key U.S. benchmark in Iraq, a top Kurdish official said Saturday.
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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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The United States was poised to adopt measures to reduce its dependence on foreign oil after the Senate on Thursday passed a bill that would raise fuel efficiency rules for vehicles and boost ethanol production.
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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 is planning to spend more than $1 billion in 2005 to boost its oil production capacity by about 15 percent to 3.25 million barrels a day, an Iraqi official said.
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Secretary of State Condoleezza Rice was in Baghdad on Tuesday to see top Iraqi officials after Iraq's parliament passed the first in a series of critical laws aimed at reconciling warring Iraqis.