BAGHDAD, Feb 26 (Reuters) - A new oil law approved by the Iraqi cabinet will allow the Kurdish regional government (KRG) to review existing contracts it has signed with foreign companies to ensure consistency with the terms of the new law, Deputy Prime Minister Barham Salih, said on Monday. "The existing contracts signed by the KRG will be reviewed by the KRG to be made consistent with the premise of the law," Salih, who heads the committee that drafted the law, said in a statement given to Reuters. "A commission of independent experts will ratify consistency in case of contention."