Iraq Nears Oil Sharing Deal
The Iraqi Cabinet has approved an oil revenue sharing plan that would divide profits among the provinces based on population, and allow foreign oil companies unprecedented access to Iraq's reserves. Distributing the wealth of Iraq's natural resources has been a major political obstacle, as most of the nation's current oil fields are in Shiite territory.
The Iraqi Cabinet has approved an oil revenue sharing plan that would divide profits among the provinces based on population, and allow foreign oil companies unprecedented access to Iraq’s reserves.
Distributing the wealth of Iraq’s natural resources has been a major political obstacle, as most of the nation’s current oil fields are in Shiite territory.
TRUTHDIG’S JOURNALISM REMAINS CLEARBBC:
Correspondents say the drawn-out process of passing an oil law has been a symbol of the struggle of Iraq’s ethnic groups to work together to build a stable, independent nation.
Under the terms of the deal oil revenues would be split among Iraq’s 18 provinces based on population levels.
That has been seen as a concession to Sunni Muslims in the centre of Iraq, where there are few oil reserves.
The storytellers of chaos tried to manipulate the political and media narrative in 2025, but independent journalism exposed what they tried to hide.
When you read Truthdig, you see through the illusion.
Support Independent Journalism.
Interview
The Rev. Mariama White-Hammond explains how celebrating the end of slavery is a path to healing the environment and climate change.
Editorial Cartoons
Race
Many laws affecting slaves are still on the books and routinely cited in legal cases today, but the context of the law is rarely mentioned.
Editorial Cartoons
Editorial Cartoons
How is it that a story written 150 years ago manages to speak to the many moments at which it’s been reimagined for moviegoers?
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.