The Legal Dimensions of Oil and Gas in Iraq :Current Reality and Future Prospects

Publication subTitle :Current Reality and Future Prospects

Author: Rex J. Zedalis;  

Publisher: Cambridge University Press‎

Publication year: 2009

E-ISBN: 9781316933374

P-ISBN(Paperback): 9780521766616

P-ISBN(Hardback):  9780521766616

Subject: D91 Legal departments;D922.291.91 企业法、公司法

Keyword: 法律

Language: ENG

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Description

The first and only comprehensive examination of current and future legal principles designed to govern oil and gas activity in Iraq. This book is the first and only comprehensive examination of current and future legal principles designed to govern oil and gas activity in Iraq. It is essential to the reading collection of every practitioner, business executive, government official, academic, public policy maven, and individual citizen with an interest in the details and controversial aspects of Iraqi energy law. This book is the first and only comprehensive examination of current and future legal principles designed to govern oil and gas activity in Iraq. It is essential to the reading collection of every practitioner, business executive, government official, academic, public policy maven, and individual citizen with an interest in the details and controversial aspects of Iraqi energy law. This book is the first and only comprehensive examination of current and future legal principles designed to govern oil and gas activity in Iraq. This study provides a thorough-going review of every conceivable angle on Iraqi oil and gas law, from relevant provisions of the Iraqi Constitution of 2005; to legislative measures comprising the oil and gas framework law, the revenue sharing law, and the laws to reconstitute the Iraq National Oil Company and reorganize the Ministry of Oil; to the Kurdistan Regional Government's 2007 Oil and Gas Law No. (22) and its accompanying Model Production Sharing Contract; and to the apposite rules of international law distilled from both controlling UN resolutions addressing Iraq and more generally applicable principles of international law. This text is essential to the reading collection of every practitioner, business executive, government official, academic, public policy maven, and individual citizen with an interest in the details and controversial aspects of Iraqi energy law. Part I. The Contextual Background: 1. The facts regarding Iraqi oil and gas reserves and their legal status prior to self-governance; 2. The provisions of the Iraqi constitution addressing oil and gas activities: of the role of sub-central governing entities, handling of revenues, and 'present' v. 'future' fields; Part II. The Complications Associated with Iraqi Legislative Measures: 3. The federal oil and gas framework law and sub-central government responses; 4. A primer on the federal model production sharing agreement and the Kurdistan regional government's model production sharing contract; 5. The federal oil and gas revenue sharing law - its many problems; 6. Measures to reorganize the Iraq National Oil Company (INOC) and the ministry of oil; 7. The matter of creditor claims: an examination of United Nations' Security Council Resolution 1790 (18 Dec. 2007) and its predecessors; 8. Central government authority to strike oil and gas development agreements in the absence of a federal framework law; 9. Distributing profits in the absence of a federal revenue sharing law; 10. Changing the mix: transition fails and the face of Iraq is altered. "Zedalis's analysis has been informative, revealing, and at times frightening. Zedalis's book will be useful to anyone who wants a better understanding of the processes that take place when developing law-particularly anyone with a relevant interest in oil and gas legal rules."
-Victoria A. Redd,University of Florida Levin College of Law

Chapter

III. Main Iraqi Pipelines

IV. Iraqi Refineries

V. Legal Status of Iraqi Oil and Gas Reserves Prior to Self-Governance

VI. Conclusion

2 The Provisions of the Iraqi Constitution Addressing Oil and Gas Activities: Of the Role of Subcentral Governing Entities, Handling of Revenues, and “Present” versus “Future” Fields

I. Introduction

II. Structure of the Iraqi Constitution

III. Revenue Sharing: Articles 112 and 121

IV. Authority of Subcentral Units to Enter Oil and Gas Development Agreements: An Assessment of the Constitutionality of Efforts by the KRG

V. Constitutional Authority of Subcentral Units and the Matter of “Present” versus “Future” Fields

VI. Conclusion

Part Two The Complications Associated with Iraqi Legislative Measures

3 Federal Oil and Gas Framework Law and Subcentral Government Responses

I. Introduction

II. Basics of the Federal Oil and Gas Framework Law

III. Significant Legal Issues

IV. The KRGs Oil and Gas Law No. (22) of 2007

V. Problems Associated with Preexisting Oil and Gas Contracts

VI. Conclusion

4 A Primer on the Federal Model Exploration and Production Contracts and the Kurdistan Regional Government’s Model Production-Sharing Contract

I. Introduction

II. Federal Government Model Exploration and Production Contracts

III. The KRG’s Model Form of PSC: The Principal Provisions Subgroup

Substance and Nature of the PSC

The Host Government’s Right of Participation

Work Duties Imposed on the Contract Holder

Financial Obligations Associated with the Contract

IV. The KRG’s Model Form of PSC: The Adjectival Provisions Subgroup

The Making of Decisions

Handling of Land and Assets

The Matter of Contract Stabilization

Important Miscellaneous Adjectival Provisions

V. Conclusion

5 The Federal Oil and Gas Revenue-Sharing Law: Its Many Problems

I. Introduction

II. Context of Iraqi Revenue-Sharing Law

III. Overview of the Revenue-Sharing Law

IV. Difficulties Associated with the Collection of Revenues

V. Difficulties Associated with Distribution of Oil and Gas Revenues

VI. Conclusion

6 Measures to Reconstitute the Iraq National Oil Company (INOC) and Reorganize the Ministry of Oil

I. Introduction

II. The Relevant Terms of the Iraqi Constitution

III. The Federal Oil and Gas Framework Approach: Articles 6 and 7, as Well as 5D and 5E

Articles 6 and 7

Articles 5D and 5E

IV. Federal Oil and Gas Framework Approach: Scattered Articles

V. Relevant Insights on the Restructuring of INOC and the Ministry of Oil From the KRGs 2007 Oil and Gas Law

VI. Basic Conditions and Current Thinking Associated with Reconstituting INOC and Reorganizing the Ministry of Oil

VII. Conclusion

Part Three Current Issues and Potential Future Problems

7 The Matter of Creditor Claims: An Examination of United Nations Security Council Resolutions 1790 (18 Dec. 2007) and 1859 (22 Dec. 2008), and Their Predecessors

I. Introduction

II. Primer on the Predecessors of Resolutions 1790 and 1859

III. Security Council Resolutions 1790 (18 Dec. 2007) and 1859 (22 Dec. 2008)

IV. Analytical Significance of Protection from Legal Claims

V. Conclusion

8 Central Government Authority to Strike Oil and Gas Development Agreements in the Absence of a Federal Framework Law

I. Introduction

II. The Constitutional Context

III. Evaluating the Article 110 Arguments

IV. Article 114's Shared Powers Arguments

V. Article 112: Direct Reference to Oil and Gas

VI. Power Carried Over from Saddam-Era Measures

VII. Conclusion

9 Distributing Profits in the Absence of a Federal Revenue-Sharing Law

I. Introduction

II. The Solidarity and Diversity Provisions: Articles 1, 3, and 14 of the Constitution

III. Economic and Social Security Provisions: Articles 27, 30, and 34 of the Constitution

IV. Oil, Gas, and Natural Resources Provisions: Articles 111, 112, and 121 of the Constitution

V. A Constitutional Sharing Obligation for Revenues Collected at the Subcentral Level?

VI. Inadequacies of the Relevant Constitutional Provisions

VII. Proposed Constitutional Amendments: How They Would Affect Revenue Distribution

VIII. Other Sources of Law Suggestive of an Obligation to Distribute Revenues

IX. Conclusion

10 Changing the Mix: Transition Fails and the Face of Iraq Is Altered

I. Introduction

II. KRG and Central Government Apply Their Own Approaches

Kurdistan Regional Government

Central Government

III. The Country Splits Apart

Kurdistan as a Separate Nation-State

Separate State(s) in the Balance of Iraq

IV. Conclusion

Epilogue

Index

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