Tag Archives | hydrocarbon law

Shahristani Retains Hard Line on KRG Oil Contracts

Iraq's deputy prime minister has said that oil contracts signed by the Kurdistan Regional Government (KRG) must be rewritten, and that recent government payments to international producers in the region in no way validate the contracts, according to a report from Reuters. "The contracts as they stand will have to be presented to the government […]

English Translation of Draft Oil and Gas Law

The Iraq Energy Institute has translated the new draft hydrocarbon law into English. There are two versions provided: Compiled by the Parliamentarian Oil & Energy Committee, and presented to the Council of Representatives on 17th August 2011; Compiled by the Federal Ministry of Oil, and presented to the Council of Ministers on 25th August 2011. […]

Iraq's Oil and Gas Law Threatens Stability of Govt

Who controls the Iraqi oil fields that could make the nation one of the richest in the region? As political rivals squabble, that question could be one that topples the precariously balanced Iraqi government, according to this report from Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views […]

The Oil-Law Showdown

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]

IBN Interviews Dr Ali al-Dabbagh - Part 2

Minister Ali al-Dabbagh, Iraqi Government Spokesman, was interviewed by Padraig O'Hannelly for Iraq Business News at last week's Iraq Mining 2011 conference in London. The first part of the interview can be found here. In this second part of the interview, Dr al-Dabbagh discusses the Hydrocarbon Law, the valuation of the Iraqi dinar, foreign investment […]

KRP Statement on Federal Hydrocarbons Law

The Kurdistan Region Presidency (KRP) issued a statement on Sunday on the Iraqi Council of Ministers’ approval of a draft federal hydrocarbons law. The following is a translation from the original Arabic: Following six years without a federal oil policy; the unjustified failure to implement political agreements; the clear avoidance of the ratification of a […]

New Draft Oil Law - Expert Analysis

On Sunday 28th August the Council of Ministers approved the draft oil and gas law prepared by the Ministry of Oil, considering it the only text that represent the council's view, and treating all other previous versions as invalid. Also the council decided to send the proposed draft to the parliament and request to table […]

Expert Analysis of the New Version of Iraq's Oil Law

On Wednesday 17 August 2011 the Iraqi parliament began the first reading of a new version of oil law proposed by the oil and energy committee-OGC of the parliament itself. The timing and the procedure of the debate created confusion and prompted significant walkout of many parliamentarians members of influential political groups. The debate was […]

Legal Roadblocks for Iraq's Oil?

UPI reports that lawmakers in Baghdad have been asked to ban future oil contracts until a federal law on the energy sector is passed. Adnan Janabi, chairman of the Iraqi Parliament's Oil and Energy Committee, called on legislators to ban future oil contracts until they can pass a federal hydrocarbon law. The country's Oil Ministry […]

Iraq, Kurdistan to Agree Oil Revenue Deal by End 2011

Adnan Al Janabi, the chairman of Iraq's Oil and Energy Committee has said an agreement is likely to be reached in the second half of 2011with Kurdistan on revenues from crude oil exports, Reuters has reported. "The Kurdish authorities requested it for June or July but I think we will miss it. I expect it […]