Reportedly the Iraqi minister of finance is setting up a system to distribute 25 percent of oil profits directly to the Iraqi people. This has been done in some of the Gulf states for years.
http://theiraqidinar.com/news/araji-surplus-of-oil-revenues-to-be-distributed-on-iraqi-people-171533
It's not altogether different from what Alaska does, either. It strikes me, though, as a sort of welfare check [same as Alaska's.]
I'd have liked to see the Iraqis give ownership of the oil industry to the people. Create a private corporation and issue shares of stock to each citizen. That would have given everyone a stake in its performance and would have curtailed the government's ability to play shenanigans with oil money.
It is only through private ownership that countries can escape the oil "curse."