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Iraq's Oil and Gas Industry - The Legal and Contractual Framework (Hardcover)
Loot Price: R3,882
Discovery Miles 38 820
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Iraq's Oil and Gas Industry - The Legal and Contractual Framework (Hardcover)
Series: Routledge Research in Energy Law and Regulation
Expected to ship within 12 - 17 working days
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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.
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