The Iraqi Cabinet has increased revenue redistribution to oil and gas producing provinces, adding another $5.8 billion to the petrodollar allocation – and the ballooning draft 2014 budget – and heading off an exacerbating chorus of protest from provincial officials such as Basra and Missan, which had threatened to shut in production. The Cabinet decision follows weeks of protest and the formation of a coalition of governors of oil-producing provinces that publicly demanded action by the c…