Joseph Bell & Cheryl Saunders – Iraqi Oil Policy & Constitution Issues Regarding Federal and Regional Authority
Tag: Janabi
Oil & Gas Law
It is obvious that the primary aim of the draft oil and gas law (OGL) prepared by Adnan Janabi et al, is to negate the role of the Federal Government in oil and gas affairs. It is difficult to imagine that the people behind this draft OGL do think that it is in the national interest to make the Regions stronger, and the Center weaker, than they are now. If…
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…
Budget 2011: Who Gets What
The Iraqi 2011 federal budget voted by parliament today includes two items that are related to payments to oil companies. It stipulates a payment of $1.75 billion as participation in the production cost of oil exported including under contracts of international oil companies signed with the Kurdistan region. The second item is an allocation of $2.73 billion for investment projects of international oil companies. The budget assumes the export of…