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This book provides a comprehensive insight into the key foundations of Iraq's oil industry and assists in the development of a core area of domestic law to promote economic recovery following years of instability.
With respect to existing legal principles that establish a specific juridical regime scheduled to expire, Chapter 7 takes up this matter by looking at the United Nations Security Council resolutions that have, since 2003, provided legal protection for Iraq's oil and gas resources and revenues from its sale.
This study provides a thorough-going review of every conceivable angle on Iraqi oil and gas law, from rele-vant provisions of the Iraqi Constitution of 2005; to legislative measures comprising the oil and gas framework law, the revenue-sharing law, and the laws to reconstitute the Iraq National Oil Company and reorganize the Ministry of Oil; to ...
In the same report, IEA estimated that such an increase would bring Iraq a total of $5 trillion in revenues from oil exports between 2012 and 2035, averaging $200 billion per year. Iraq’s economy is dependent on the oil and gas sector.
This book is the first and only comprehensive examination of current and future legal principles designed to govern oil and gas activity in Iraq.
2 Ιουν 2021 · This article discusses the legal framework governing Iraq's oil and gas business, including the industry's constitutional provisions, investment rules, and the Draft Oil and Gas Law.
The Iraq Oil Law, also referred to as the Iraq Hydrocarbon Law was a piece of legislation submitted to the Iraqi Council of Representatives in May 2007 that laid out a framework for the regulation and development of Iraq's oil fields.