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Economy
History of Iraq
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| | 1923 | Faisal I | |
| Kirkuk Oil is discoverred in Iraq |
| 2007 | Maliki, Nuri al- | |
| 26th Feb The Iraqi cabinet passes a draft law on oil revenues that calls on the government to distribute oil revenues to regions based on their populations and allows regions to negotiate contracts with foreign companies to explore and develop oil fields |
| 26th June A new law calls on government to distribute oil revenues to regions based on their populations and allows regions to negotiate contracts with foreign companies to explore and develop oil fields |
| 3rd July The Iraqi cabinet approves the hydrocarbon framework law, one component of a larger legislative package, which states that the revenue from oil sales belongs to all Iraqis and outlines the function of the oil and gas council |
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