Related Articles
Forward article link
Share PDF with colleagues

Taking a chance in Kurdish Iraq

The KRG referendum result and subsequent Iraqi army offensive against the Kurds underline how risky it is for companies involved in the export and sale of Kurdish crude

The long-standing energy issues on which Erbil and Baghdad disagree essentially relate to the differing interpretations on the part of the Kurdish Regional Government (KRG) and the Federal Government of Iraq (FGI) over provisions of the Iraqi Constitution. In short, the KRG claims that it's entitled under the Constitution to enact its own oil and gas legislation, passing Law No 22 of 2007, the KRG Oil and Gas Law, under which the regional government granted itself powers to enter into production-sharing contracts (PSCs) with international oil companies (IOCs). The FGI asserts that the KRG Oil and Gas Law and the PSCs entered into by the KRG are unconstitutional and therefore invalid. The Ba

Also in this section
UK's unclear post-Brexit emissions strategy
23 March 2018
The shape of future EU carbon trading hangs in the balance
North Sea oil and gas bounce may be short-lived
22 March 2018
The UK oil industry’s trade body is cautious over prospects for the maturing oil province
Qatar keeps on keeping on
21 March 2018
With the energy sector operating normally, the country is adjusting to life under sanctions