Tuesday, July 03, 2007

 

Hallelulia! Plan to share oil revenue in Iraq!

Iraq Cabinet OKs legislation on how to divide nation's oil wealth
By Tina Susman, Los Angeles Times Staff Writer
July 3, 2007

BAGHDAD -- Iraq's Cabinet today approved legislation to oversee the distribution of the country's oil wealth and sent it to parliament for ratification, but it was unclear whether the measure could overcome the political hurdles that have stalled it for months.

Washington considers it the most important piece of legislation facing the parliament and has been pushing for its passage as a way of showing political progress in Iraq. With lawmakers scheduled to take a monthlong break starting Aug. 1, and with U.S. officials set to present an Iraq progress report to Congress in September, time is running short for passage...

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