The legal dimensions of oil and gas in Iraq : current reality and future prospects / Rex J. Zedalis.

Includes bibliographical references and index.

The facts regarding Iraqi oil and gas reserves and their legal status prior to self-governance -- The provisions of the Iraqi Constitution addressing oil and gas activities : of the role of subcentral governing entities, handling of revenues, and "present" versus "future" fields -- Federal oil and gas framework law and subcentral government responses -- A primer on the federal model exploration and production contracts and the Kurdistan regional government's model production-sharing contract -- The federal oil and gas revenue-sharing law : its many problems -- Measures to reconstitute the Iraq National Oil Company (INOC) and reorganize the ministry of oil -- The matter of creditor claims : an examination of United Nations Security Council Resolutions 1790 (18 Dec. 2007) and 1859 (22 Dec. 2008), and their predecessors -- Central government authority to strike oil and gas development agreements in the absence of a federal framework law -- Distributing profits in the absence of a federal revenue-sharing law -- Changing the mix : transition fails and the face of Iraq is altered.

Cover; Half-title; Title; Copyright; Dedication; Contents; Foreword; Acknowledgments; Prologue; Part One The Contextual Background; 1 Facts Regarding Iraqi Oil and Gas Reserves and Their Legal Status Prior to Self-Governance; 2 The Provisions of the Iraqi Constitution Addressing Oil and Gas Activities: Of the Role of Subcentral Governing Entities, Handling of Revenues, and "Present" versus "Future" Fields; Part Two The Complications Associated with Iraqi Legislative Measures; 3 Federal Oil and Gas Framework Law and Subcentral Government Responses

4 A Primer on the Federal Model Exploration and Production Contracts and the Kurdistan Regional Government's Model Production-Sharing Contract5 The Federal Oil and Gas Revenue-Sharing Law: Its Many Problems; 6 Measures to Reconstitute the Iraq National Oil Company (INOC) and Reorganize the Ministry of Oil; Part Three Current Issues and Potential Future Problems; 7 The Matter of Creditor Claims: An Examination of United Nations Security Council Resolutions 1790 (18 Dec. 2007) and 1859 (22 Dec. 2008), and Their Predecessors

8 Central Government Authority to Strike Oil and Gas Development Agreements in the Absence of a Federal Framework Law9 Distributing Profits in the Absence of a Federal Revenue-Sharing Law; 10 Changing the Mix: Transition Fails and the Face of Iraq Is Altered; Epilogue; Index;

The first and only comprehensive examination of current and future legal principles designed to govern oil and gas activity in Iraq.