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Iraq takes step closer to landmark oil law

7/3/07 - 5:54 PM By Alister Bull and Dean Yates BAGHDAD (Reuters) - 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 Cabinet approves draft of oil law

7/3/2007 Tue Jul 3, 6:10 AM ET 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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Iraq takes step closer to landmark oil law

7/3/2007 BAGHDAD (Reuters) - 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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Breakthrough in Iraq oil standoff

7/3/07 Iraq's cabinet has approved a draft oil law which aims to equitably share revenues from its oil revenues among the country's ethnic groups.
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Kurdish Oil Riches Lure Wildcatters Unswayed by Deaths in Iraq

7/3/07
By Kambiz Foroohar
July 2 (Bloomberg) -- A few miles outside the village of Tawke in northeastern Iraq, black smoke billows over the green hills as a 100-foot fire rages unchecked.
Najman Yousef, a former Kurdish guerrilla, inspects the scene. This blaze, unlike the attacks roiling the rest of Iraq, is a positive sign: It's burning the excess oil gushing from one of the first wells drilled since the fall of Iraqi dictator Saddam Hussein four years ago.

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Iraq raises petrol prices

7/3/07 BAGHDAD: Iraq has increased official petrol prices by around 15 per cent, an Iraqi official said yesterday, delivering the second hike this year to keep promises made to the International Monetary Fund.
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Problems for the Iraqi Oil Industry

7/2/2007

Walter Pincus Washington Post Staff Writer Monday, July 2, 2007; A17

Among the political benchmarks the Bush administration has embraced to chart progress in Iraq, approval by the Iraqi parliament of a hydrocarbon law looms large. Oil provides 95 percent of Iraq's national income, making the recovery of the country's oil sector critical to reducing the United States' military and economic burden.

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Iraq draws up plans for privatisation gold rush

7/2/07 By Helen Power, Sunday Telegraph Last Updated: 1:49am BST 05/07/2007 The Iraqi government has begun preparing the groundwork for what could be one of the biggest privatisations of state-owned assets.
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Kurds woo investors as Iraq knocks at the door

7/1/07 Northern Iraq's relatively stable Kurdish region is trying to attract oil prospectors and investors instead of insurgents in an ambitious bid to rival commercial hotspots like Dubai.
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Iraq's KRG seeks foreign bids on 40 new oil blocks

LONDON Jun 29, 2007 (Dow Jones Newswires)
Iraq Kurds Unveil Oil Blocks, See Oil Law Deal

Iraq's northern autonomous Kurdish government on Friday said it's planning to offer 40 new oil blocks to foreign companies in a sign that it said, reflects its confidence Iraq is close to reaching a final deal on the country's long-delayed hydrocarbons law. "We wouldn't be announcing details of these blocks if we were not confident that things are moving ahead with the oil law in Baghdad," Kurdish Oil Minister Ashti Hawrami told Dow Jones Newswires by telephone from Erbil, the Kurdish capital.

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Bush: Key to Evaluating Iraq Is at Its Local Level

6/29/2007 By Thomas E. Ricks Washington Post Staff Writer Friday, June 29, 2007; A18 The most important form of political compromise in Iraq is not among top Iraqi politicians in Baghdad, but at the local level, President Bush asserted yesterday, in a departure from past rhetoric on Iraqi politics.
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