Captain's Quarters reports that the Iraqi cabinet has reached agreement on a deal that splits Iraq's oil wealth among, Shiites, Sunnis, and Kurds.
The plan recently approved by the Kurds to split the oil revenue of Iraq with the Sunnis won approval from the Iraqi cabinet. It now faces debate in the National Assembly, whose final approval will resolve one of the toughest issues in post-war Iraq and one that has helped fan the flames of the insurgencies:
The Iraqi cabinet approved a draft of a law on Monday that would set guidelines for nationwide distribution of oil revenues and foreign investment in the immense oil industry. The endorsement reflected a major agreement among the country’s ethnic and sectarian political blocs on one of Iraq’s most divisive issues.
No mention of al Qaeda's cut. Hmmm. Left out in the cold, maybe? This could be an interesting development.
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