Financial Times FT.com

Iraq’s parties reach deal on oil-sharing

By Guy Dinmore in Washington

Published: August 29 2006 19:43 | Last updated: August 29 2006 19:43

Iraq’s main political factions have hammered out an agreement on the sharing of oil and gas revenues but other contentious issues need to be resolved before a draft hydrocarbon law is completed, a senior Iraqi official said on Tuesday.

Barham Salih, deputy prime minister in charge of the economy, told reporters in Washington by video link from Baghdad that the revenue sharing dispute had been settled during three days of intense talks at a “retreat” last week.

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