Iraq oil not part of OPEC cuts

Iraq not bound by quota; struggling to reverse decline
Plus:
*Walid Khadduri on the return of Big Oil to Iraq
*Iraq presidency council gives oil smuggling law OK
*SOFA Update: English text and analysis
*Labor Minister target of suicide bomb
*Iraqis suffer for lack of basic services
*The Mahdi Army bides its time
*Much more

As OPEC decides to catch falling oil prices by cutting supply, Iraq Oil Minister Hussain al-Shahristani says anything below $80 per barrel will be a hit on next ye…