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Page added on August 30, 2006

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Iraq resolves oil-sharing dispute

Iraq’s government has resolved a dispute over the sharing of oil revenues across the country but differences remain over who will hand out lucrative oil contracts, a senior Iraqi official said today.

Deputy Prime Minister Barham Salih said the contentious issue of oil revenues was resolved during recent negotiations for a new law to regulate Iraq’s oil and gas industry.

“Remarkably, we have been able to settle oil revenues,” said Salih in a video conference from Baghdad with reporters based in Washington, Reuters reported.

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