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Iraq struggles to pass new oil law
Publication year - 2007
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2007.320903.x
Subject(s) - parliament , legislation , government (linguistics) , petroleum industry , petroleum , law , revenue , investment (military) , corporate law , revenue sharing , political science , business , finance , engineering , corporate governance , philosophy , linguistics , environmental engineering , politics , paleontology , biology
Amid the continuing chaos in Iraq, the government is trying to obtain agreement on a new oil law covering upstream investment and the sharing of oil revenues amongst the 18 provinces of the country. Despite several attempts to draw up new legislation, the government has been unable to obtain sufficient agreement among the various ethnic, religious and other groups to obtain a sufficient majority to allow the country's parliament to pass any new law covering the petroleum industry.