Energy, Oil & Gas Policy – Page 10 – Iraqi Economists Network

Iraqi oil law puts elections before state-building. By Ruba Husari *

Since the ratification of Iraq’s constitution in 2005, Iraq has struggled to interpret clauses 111 and 112, which stipulate that oil is the property of the Iraqi people and its revenues should be shared equitably. Several draft laws on hydrocarbon management, energy sector regulation, and oil revenue distribution have remained stalled because of differences between the federa

ARTICLE SUMMARY To help further develop Iraq’s energy sector, parliament recently passed a law that establishes the National Oil Company for oil extraction and manufacturing. The Iraqi parliament voted March 5 on the National Oil Company draft law, which regulates oil production and exports and fairly distributes its revenues to the different regions of Iraq. The clauses o

U.S. support for Iraqi oil export projects involving Turkey, the Gulf, and Europe can help keep undue Iranian influence at bay. Despite a fifteen-year security crisis that would have sunk most societies, Iraq has registered year-on-year oil production increases that make its energy sector a global success story. Going forward, Iraqi hydrocarbons will either be exploited by I

The Iraqi State Organization for Marketing Oil (SOMO) announced Nov. 2 that it is arranging with Turkey to allow SOMO to sell Iraqi crude from the disputed territories through the pipeline from Kirkuk to the Ceyhan Turkish port. The Kurdistan Regional Government (KRG) used to export about 500,000 barrels per day independently through Ceyhan before the Baghdad operation to ret

Royal Dutch Shell announced this month that it is trying to sell its stake in the Majnoon oilfield in southern Iraq, following a failure to reach agreement with Iraq’s Ministry of Oil. A Shell spokesman told UAE-based newspaper The National: “Following extensive discussions with the Ministry of Oil, the oil minister of Iraq formally endorsed a recent Shell proposal to pursu