Iraqi Cabinet Approves Draft Oil Law
The oil terminal at Al-Basrah (file photo) (epa)
The law aims to distribute revenues from crude oil exports equitably across 18 provinces and open the sector to foreign investment.
Prime Minister Nuri al-Maliki called the law "a gift to all the Iraqi people."
It's seen as a key effort in moves to reunite the war-torn country, but has been the subject of fierce debate among factional leaders.
(compiled from agency reports)