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Author: Janan Al-Asady Publisher: Routledge ISBN: 9781032241029 Category : Languages : en Pages : 248
Book Description
Oil, an integral part of the contemporary global economy, is considered a driving force behind the 2003 invasion of Iraq. Hydrocarbon reserves in Iraq have a significant role to play in global supply, with oil revenue accounting for more than 90% of Iraqi government income. This book provides a comprehensive insight into the key foundations of Iraq's oil industry and assists in the development of a core area of domestic law to promote economic recovery following years of instability. It addresses the development of oil legislation and the formation of contracts since the US and allied occupation of Iraq in 2003. Legislation is assessed against the framework of the constitution along with the different types of oil agreements and their terms. The book looks at three main aspects of oil legislation, beginning with the validity and interpretation of the constitution as any subsequent legislation governing oil policy will be based upon this. The work then discusses whether the draft oil and gas law of 2007 and any subsequent oil legislation, including the law implemented by the Kurdish Regional Government in 2007, is valid. Finally, the book analyses the legitimacy of oil agreements entered into by the central and regional governments and whether these contain terms beneficial to the state and contracting party. Providing an in-depth analysis of the origins and development of the legal framework of the oil industry in Iraq, the book acts as both a reference source and a springboard for future research across a range of legal, economic and policy perspectives. It will appeal to practitioners and academics working in energy law and international investment law, as well as policy-makers, legal advisors and those working in governments and energy companies.
Author: Janan Al-Asady Publisher: Routledge ISBN: 9781032241029 Category : Languages : en Pages : 248
Book Description
Oil, an integral part of the contemporary global economy, is considered a driving force behind the 2003 invasion of Iraq. Hydrocarbon reserves in Iraq have a significant role to play in global supply, with oil revenue accounting for more than 90% of Iraqi government income. This book provides a comprehensive insight into the key foundations of Iraq's oil industry and assists in the development of a core area of domestic law to promote economic recovery following years of instability. It addresses the development of oil legislation and the formation of contracts since the US and allied occupation of Iraq in 2003. Legislation is assessed against the framework of the constitution along with the different types of oil agreements and their terms. The book looks at three main aspects of oil legislation, beginning with the validity and interpretation of the constitution as any subsequent legislation governing oil policy will be based upon this. The work then discusses whether the draft oil and gas law of 2007 and any subsequent oil legislation, including the law implemented by the Kurdish Regional Government in 2007, is valid. Finally, the book analyses the legitimacy of oil agreements entered into by the central and regional governments and whether these contain terms beneficial to the state and contracting party. Providing an in-depth analysis of the origins and development of the legal framework of the oil industry in Iraq, the book acts as both a reference source and a springboard for future research across a range of legal, economic and policy perspectives. It will appeal to practitioners and academics working in energy law and international investment law, as well as policy-makers, legal advisors and those working in governments and energy companies.
Author: Ghanim Anaz Publisher: ISBN: 9781908062635 Category : History Languages : en Pages : 0
Book Description
A complete and comprehensive history of Iraq's oil and gas industry during the 20th century, this account discusses how the industry has been overshadowed and marginalized by turbulent and violent historical and political events--including numerous coups, revolutions, and the tragic and destructive wars--and gives overdue recognition to its professionals. Providing a balanced and level-headed understanding of the current, grave situation in the country, this account also underscores the difficult relationship between the Iraqi government and the Iraq Petroleum Company while shedding light on how history shaped the industry itself.
Author: Christopher M. Blanchard Publisher: DIANE Publishing ISBN: 1437922066 Category : Technology & Engineering Languages : en Pages : 33
Book Description
Development in Iraq¿s oil and natural gas sector is proceeding, in spite of continuing delays in agreeing to hydrocarbon sector and revenue sharing legislation to define new terms for the mgmt. of the country¿s significant oil and natural gas resources. Both the Bush Admin. and the 110th Congress considered the passage of oil and gas sector framework and revenue sharing legislation as important benchmarks that would indicate the Iraqi government¿s commitment to promoting political reconciliation and providing a solid foundation for long term economic development in Iraq. This report reviews policy proposals and interim contracts, analyzes the positions of various Iraqi political actors, and discusses potential implications for U.S. foreign policy goals in Iraq. Illus.
Author: Janan Al-Asady Publisher: Routledge ISBN: 0429623461 Category : Law Languages : en Pages : 237
Book Description
Oil, an integral part of the contemporary global economy, is considered a driving force behind the 2003 invasion of Iraq. Hydrocarbon reserves in Iraq have a significant role to play in global supply, with oil revenue accounting for more than 90% of Iraqi government income. This book provides a comprehensive insight into the key foundations of Iraq’s oil industry and assists in the development of a core area of domestic law to promote economic recovery following years of instability. It addresses the development of oil legislation and the formation of contracts since the US and allied occupation of Iraq in 2003. Legislation is assessed against the framework of the constitution along with the different types of oil agreements and their terms. The book looks at three main aspects of oil legislation, beginning with the validity and interpretation of the constitution as any subsequent legislation governing oil policy will be based upon this. The work then discusses whether the draft oil and gas law of 2007 and any subsequent oil legislation, including the law implemented by the Kurdish Regional Government in 2007, is valid. Finally, the book analyses the legitimacy of oil agreements entered into by the central and regional governments and whether these contain terms beneficial to the state and contracting party. Providing an in-depth analysis of the origins and development of the legal framework of the oil industry in Iraq, the book acts as both a reference source and a springboard for future research across a range of legal, economic and policy perspectives. It will appeal to practitioners and academics working in energy law and international investment law, as well as policy-makers, legal advisors and those working in governments and energy companies.
Author: Muhammed Abed Mazeel Publisher: disserta Verlag ISBN: 3954250020 Category : Business & Economics Languages : en Pages : 89
Book Description
This book contains M. Abed Mazeel's 2011 articles examining several technical problems in the current oil and gas fields and prospects in Iraq. Iraq Oil Ministry has offered twelve areas covering 81,700 square kilometres with the blocks having a mix of oil and gas productivity. However, many blocks contain oil and gas shows and some of them are situated very close to previously discovered fields. The west and southwest of the desert are estimated to have high potential for hydrocarbon, where the own state Oil Exploration Company (OEC) has discovered several fields and many thousand of kilometres of 2D seismic data were acquired. The mentioned regions are thought to contain numerous undrilled prospects and, by that, to be highly prospective. Yet only four exploration wells have been drilled on the blocks, and the seismic coverage is old and of poor quality, including the west and southwest to the south of the country. The potential of discovering high potential reservoirs is very considerable, which may change the Iraqi total reserves to 300 or more billion barrel of oil and 500 trillion bscf of gas. This compilation of articles has the objective to identify and evaluate the petroleum systems of prospects and leads, calculate the reserves and assess the hydrocarbon potential and economics of the twelve blocks, Akkas and Ahdab fields using existing literature and available data published by the Ministry of Oil.
Author: Muhammed Abed Mazeel Publisher: disserta Verlag ISBN: 3942109581 Category : Business & Economics Languages : en Pages : 129
Book Description
This book contains my articles from 2010. I have tried to examine some of the technical problems in the current oil and gas industry in Iraq. In the geology/geophysics and reservoir engineering section, I used the available information and in some cases, I estimate to fill the gap in the existing data. International contracts usually differ from case to case or from field to field; in Iraq, TSC and PSC still have unclear contract conditions and public information is not enough for the detailed calculation needed for exact NPV and IRR. Additional concerns are the cost estimation down structure and geopolitical strategies of Iraq. The management of the existing oil and gas institutions in Iraq is one of the most urgent problems the country is facing. The restructuring of companies and the Ministry of Oil is generally addressed in my articles. I have also illustrated many possibilities for the restructuring and reorganization of the development of managerial and marketing systems. In the rebuilding of the country, and specially, the oil and gas industry in Iraq, there needs to be more investigation into how to optimize the exploitation of natural resources for better economic benefits for all parties (the owner of the resources as well as International oil companies). The close cooperation between the Ministry of Oil in Iraq and the IOC ́s and state oil should be open for reorganization and restructuring in order to benefit the entire country and to develop the process of integration in international markets.
Author: Muhammed Abed Mazeel Publisher: disserta Verlag ISBN: 3954250047 Category : Business & Economics Languages : en Pages : 97
Book Description
The first steps towards restructuring and reorganizing the institutions and legislation of the Iraqi oil and gas industry must include taking ownership of resources, allocating acreages to Iraqi Kurdistan and neighbour states, improving the transparency as well as governmental participation and fiscal principles. It is important to provide an institutional framework that governs the operations of the industry, including its functions, structure, powers and funding. Operations in the upstream of the industry comprise licenses, leases and contracts. Other considerations covered are award processes, right of governmental participation, marginal fields, indigenous companies, termination and revocation of both licenses and leases, matters on fees, rents and royalties and, finally, provisions on Associated Natural Gas. The legislation in the downstream sector focuses on licensing, refining, marketing and pricing of oil products, transport logistics and facility management companies, pipelines and depots. The operating stocks and Iraq strategic stocks are also necessary. The needs of the downstream natural gas include both technical and commercial licensing regulations and conditions, as the network, gas supply licenses, transportation pipelines licenses and the whole sale market in addition to the possibility of third party access, customer protection, the pricing regime, public service obligations, competition and market regulation. The legislation is an amendment to the existing Iraqi Technical Service Contracts (TSC) and Production Sharing Contracts Agreements (PSC) in Iraqi Kurdistan based on the need to create a new fiscal framework that takes various compelling issues into consideration. It needs to capture the full gas value chain for taxation purposes in order to develop a fiscal regime for gas removed from oil and to create thereby a level playing field for all investors in gas and promoting the effective management of costs across the industry, which in turn will maximize the government's take. Other considerations revolve around the requirement to develop a fiscal system, which responds to changes in price, and to clarify inconsistencies or conflicts in the application of fiscal terms for oil and gas; and, finally, to develop a fiscal rule of general application based on a body of expected fiscal laws. Quality, health, safety and environment are missing elements in Iraq. During the restructuring and reorganization of the institutions the QHSE should take on a major role in working with the aforementioned departments in the Oil Ministry and the operating companies. The obligations of the state and international oil companies towards the state environmental regulations and public rules must be upheld according to the licensees, lessees and contractors considering matters of abandonment, decommissioning and disposal and their funding. The various actors in the oil and gas production are obligated towards various communities in the oil-producing region of the country, with supporting community development, providing employment opportunities, compensation, infrastructure, protection and management of the environment as essential components. The Ministry of Oil remains a civil service outfit that is ill-equipped to conceive and enact the required policies for such a complex and sophisticated industry. Hence, there is a strong need for principal and basic interaction between Federal Oil Ministry, existing directorial and state oil companies, Kurdistan Ministry of Energy and Natural Resources, and private sector operatives. This applies also to the reorganization and restructuring of Federal Oil Ministry, existing directorial and state oil companies, Iraqi National Oil Company and Iraqi National Gas Company.
Author: United States. Congress. House. Committee on Foreign Affairs. Subcommittee on the Middle East and South Asia Publisher: ISBN: Category : Electronic government information Languages : en Pages : 68
Author: United States. Congress. House. Committee on Commerce. Subcommittee on Energy and Power Publisher: ISBN: Category : Social Science Languages : en Pages : 118
Author: Janan Al-Asady
Author: Janan Al-Asady
Author: Ghanim Anaz
Author: Christopher M. Blanchard
Author: Janan Al-Asady
Author: Muhammed Abed Mazeel
Author: Muhammed Abed Mazeel
Author: Muhammed Abed Mazeel
Author: Greg Muttitt
Author: United States. Congress. House. Committee on Foreign Affairs. Subcommittee on the Middle East and South Asia
Author: United States. Congress. House. Committee on Commerce. Subcommittee on Energy and Power