By Dinka on 2007-02-27 
Iraq's cabinet has approved a draft oil law and will submit it to parliament for approval.
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.
Copyright (c) 2006. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036. www.rferl.org
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