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In a very surprising and sudden move it was announced that the “Opinion Board” (Hayaatul raay هيئة الرأي) of the Ministry of Oil-MoO discussed and approved the final version of the Federal Oil and Gas Law-FOGL at its meeting on Wednesday, February 24, 2021.
Ownership of oil and natural gas is vested in the entire Iraqi Federal Oil and Gas Council in all provinces and regions. ARTICLE 2 SCOPE OF APPLICATION A- This law applies to Petroleum Operations in all the territory of the Republic of Iraq, including the soil and subsoil on land, as well as inland waters and territorial waters.
Download Free PDF. The Iraqi Federal Oil and Gas Law 2011: Exploration, Exploitation and Expropriation. Yanal Abul Failat. 2013, International Energy Law Review. In Iraq, a severe crisis has affected the country's primary infrastructure, through years of war and political turmoil.
This study provides a thorough-going review of every conceivable angle on Iraqi oil and gas law, from relevant 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 ...
This law establishes the regime for the management of Petroleum Operations in the Republic of Iraq, taking into account the existing international treaties between the Republic of Iraq and other countries on Crude Oil transportation.
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.
Second: The Oil and Gas Law is the most important law regulating the oil and Gas sector. The delay in its enactment led to governmental and federal contracts, and contracts concluded by the Kurdistan Regional Government having no strategic framework as mandated by the Constitution in articles (111 – 112).
