By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Dedication, Preface, and Introduction of IPSC Project' New Book Ahmed Mousa Jiyad Norway My newest book in the Iraq Petroleum Sector Chronicle Project- IPSCP has been released this month; it is […]
By John Lee. The Judicial Council of Kurdistan Region of Iraq has issued a statement saying that the provisions of its oil law (Law No. 22, 2007) do not violate the Iraqi Constitution and therefore should be recognized as "standing laws". The statement follows months of dispute between Baghdad and Erbil regarding control of the […]
By John Lee. A leading Sunni figure has said that Iraq is not likely to pass a hydrocarbon law anytime soon, as the government has little interest in pushing a draft through parliament. Adnan Al-Janabi, a member of the Iraqiyya party, and the head of Iraq's parliamentary oil and energy committee, told Reuters: "It is […]
By Thomas W Donovan, attorney at the Iraq Law Alliance. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Foreign "experts" like to depict Iraq's oil industry as a cesspit of corruption, turmoil and factional politics. In fact, however, Iraq has made real progress, and […]
The current political tensions in Iraq are likely to delay the finalisation of a new hydrocarbon law for more than a year, according to Reuters. "With these chronic political differences I can’t see any possibility of having an oil law this year,” said Adel Barwari, a Kurdish adviser to Maliki. “If the [differences] were, say […]
AKnews reports that the debate on draft hydrocarbon legislation has been postponed by the Oil and Gas Committee of the Iraqi Council of Representatives because of the continued absence of Iraqiya List members. The law needs the approval of all parties to be passed. On 3rd January the committee revealed that an initial agreement between […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s […]
The President of Iraqi Kurdistan said on Wednesday that the region will go ahead with its exploration deal with U.S. oil major Exxon Mobil despite objections from Baghdad. According to Reuters, Masoud Barzani (pictured) said Iraqi Prime Minister Nuri al-Maliki was told of the deal prior to its signing and had no objection, and called […]
In the ongoing conflict between the Kurdistan Regional Government (KRG) and the federal government in Baghdad over the proposed new oil and gas law, both sides agreed to adopt the draft law that had been presented in February, reports AKnews, citing Ghadhban Fadel, head of the advisers committee in the federal government. The announcement is […]
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 […]
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. […]
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 […]
