Iraq's cabinet has endorsed a draft oil law crucial to regulating how the country's oil wealth will be shared between its ethnic and sectarian groups, a senior Iraqi oil official said. The draft now goes to parliament for a vote after the cabinet agreed the draft, with the backing of Kurds who had been negotiating over the terms of some articles.
Passing an oil law to help settle potentially explosive disputes among Iraq's ethnic and sectarian communities over the division of oil reserves has been a key demand of the US in providing further military support to the government.
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