Securing the Peace: The Battle over Ethnicity and Energy in Modern Iraq
Article from: OGEL 1 (2009), in Middle East, Buy Back Contracts
Introduction
This article examines the legal and political impediments to the Kurdish Regional Government's (KRG) exploration and production contracts, which the central government in Baghdad has refused to recognize. The newly established Iraqi national constitution significantly opened as many petroleum-control questions as it resolved. Negotiated in 2005, the constitution not only separated branches of government, but established Federalism as its lodestar. However, faced with unresolved issues over regional and national control over petroleum resources, International Oil Companies (IOCs) function ...