Iraq Cabinet gives its oil law the green light

The Iraqi Cabinet approved a draft oil and gas law and warned Parliament to scrap its rival draft, setting the stage for a showdown over competing interests in governing the oil sector.Earlier this month, frustrated with government inaction, Parliament's Oil and Energy Committee pushed forward a version of a draft law. Parliamentarians even began giving it a first reading, but they lost quorum when several MPs, led by those loyal to Prime Minister Nouri al-Maliki, walked out of the session, ...