Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy

hydrocarbon sector and revenue sharing legislation to new mechanisms to define interim revenue sharing … have been implemented, while revenue sharing .. ..

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Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy
Table of Contents

  • Background …1
  • Recent Developments…3
  • Key Issues …5
  • Draft Hydrocarbon Legislation…5
  • Interim Arrangements and Contracts …6
  • Kurdistan Regional Government (KRG) Contracts …6
  • Ministry of Oil Contracts …7
  • Prospects for Revenue Sharing and Current Arrangements…8
  • Iraqi Perspectives … 9
  • Core Issues …9
  • Iraq’s Constitution: Federal and Regional Authority …9
  • Revenue Sharing … 11
  • Foreign Participation… 11
  • Players and Positions …12
  • The Kurds: Regional Authority, Revenue, and Kirkuk … 12
  • Sunni Arabs: Revenue Sharing and Foreign Participation … 13
  • Dawa and Islamic Supreme Council of Iraq: Investment and Development…14
  • Industry Unions and the Southern Oil Company…14
  • International Energy Companies… 15
  • Oil Revenue and Security Concerns … 16
  • Revenues and Arrangements … 16
  • Current Arrangements … 16
  • Oversight of Oil Production and Revenue Management…17
  • Oil Revenue and Budget Execution … 18
  • Security … 21
  • Infrastructure Attacks and Smuggling… 21
  • U.S. Policy and Issues for Congress …22
  • Congressional Benchmark and Other Legislation …22
  • Legislation in the 111th Congress…22
  • Legislation in the 110th Congress…23
  • Figures
  • Figure 1. Location of Iraq’s Oil Reserves and Infrastructure …2
  • Figure 2. Iraq’s Oil Fields and Bidding Plans…8
  • Tables
  • Table 1. Key Oil Indicators…1
  • Appendixes
  • Appendix. Draft Hydrocarbon Legislation…25
  • Contacts
  • Author Contact Information … 29
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