Sharing Iraq's Oil: Analyzing Production-Sharing Contracts Under The Final Draft Petroleum Law
Article from: OGEL 4 (2007), in Iraq
For more than a year Iraq's Central Government (ICG) has been attempting to pass its first post-invasion national petroleum law (Oil Law). If passed by the Iraqi Council of Representatives, the Oil Law will provide the legal framework for the future exploitation of Iraq's vast oil wealth. First approved by the Council of Ministers in February 2007, the final draft Oil Law was submitted to the Council of Representatives for an expected vote in May 2007. With no vote in May, a slightly modified version was resubmitted to the Council of Representatives in July 2007, where it has ...