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Iraqi cabinet approves bill on sharing oil wealth |
| Home | (Reuters, The Associated Press) - BAGHDAD: The Iraqi cabinet signed off on a revised bill to share the country's oil wealth on Tuesday and sent it to Parliament - a major step in reaching a long-delayed benchmark sought by the United States to promote reconciliation between Iraqi Sunnis and Shiites. American officials are hoping that a passage of the oil bill will help rally Sunni support for the government and the political process and reduce backing for the insurgents. The issue of oil distribution is a top concern of the Sunni minority, which is centered in regions of the country with little proven reserves. |