The Iraqi council of ministers has finally given its final stamp of approval today for the first gas deal of its kind in Iraq’s energy history based on the agreement initialized on July 12 between Royal Dutch Shell, Mitsubishi and South Gas Co, to capture and process flared gas in southern Iraq. This deal would put Iraq on the global gas map, something long due in view of the country’s…
Tag: hydrocarbon law 2011
Hydrocarbon Law 2011
Does Iraq still need a hydrocarbon law? According to Tariq Shafiq who co-authored the first version of Iraq’s Oil & Gas Law in 2006, yes it does. So do others including the Kurds who made its enactment one of the conditions for backing Nouri al-Maliki for PM last year, and the latter as well since he agreed to do it within six months of taking office. However, the recent revival…