Natural resources
SUN, 21 JUN 2009 22:42 Oil & gas legislation and major developments
The Kurdistan Oil and Gas Law was approved by the Kurdistan National Assembly, the Region’s parliament, on 6 August 2007. This link provides Arabic and English versions of the law, as well as a model production sharing contract:
Kurdistan Oil & Gas Law in English and Arabic, and model production sharing contract
The KRG and the federal government in Baghdad agreed that the February 2007 draft federal oil and gas law will be the basis for a future law. The draft law is available in English and Arabic:
KRG publishes draft Federal Oil and Gas Law of Iraq in English and Arabic
The KRG and the federal government in Baghdad agreed a draft revenue sharing law for Iraq in June 2007. The draft law is available in English and Arabic: Draft Iraq revenue sharing law
Dr Ashti Hawrami, the KRG Minister for Natural Resources, discussed the draft revenue sharing law and hydrocarbons policies of the KRG and the federal government at a UN hydrocarbons conference in April 2009.
In May 2009 OMV and MOL announced investments to access natural gas from the Kurdistan Region for local supply and export throught the Nabucco pipeline.
KRG oil and gas contracts
The KRG has signed oil & gas production sharing contracts under the Iraqi Constitution and the Kurdistan Oil and Gas Law. Please see:
29 Jul 08: KRG announces 461 million square foot site for Kurdistan Gas City
25 Jun 08: KRG and Korea National Oil Corporation sign new petroleum contracts
23 Jun 08: KRG signs petroleum contracts with Talisman Energy
12 Nov 07: KRG signs five more petroleum contracts
6 Nov 07: Ministry of Natural Resources announces seven new petroleum contracts for Kurdistan Region, reviews five existing contracts
2 Oct 07: KRG Natural Resources Ministry announces new Kurdistan Region petroleum contracts
8 Sep 07: KRG signs oil and gas contract with US-based Hunt Oil and Impulse Energy Corporation (IEC)
26 Feb 07: KRG supports draft Federal Oil Law. Five pre-2005 contracts under review
Legal and economic opinions on Kurdistan Region’s oil and gas contracts
International expert finds KRG oil contracts “in the national interests”, “far superior” for Iraq than model contract proposed by Baghdad federal oil ministry
International law expert confirms KRG’s authority to manage oil & gas resources
Oil and gas rights of regions and governorates
Other information
1 June 2009: Minister Hawrami’s speech at oil exports ceremony
7 Feb 2008: Minister Hawrami speaks at the Chatham House think tank, London
Profile of Natural Resources Minister, Dr Ashti Hawrami
KRG.org search tool
To find other KRG press releases about oil and gas and revenue sharing, please use the Google Custom Search function at the top of this website. You can also find the press releases using the archive search tool, for example by searching for the terms 'oil', 'petroleum' or 'revenue'. Alternatively please look in the News -> Press Releases section of the website for the most recent KRG press releases.
KRG requires clarity from Iraqi cabinet on text of draft oil law
TUE, 3 JUL 2007 18:05 The Spokesman
Kurdistan Regional Government
The Iraqi cabinet in Baghdad today announced that it has approved the hydrocarbon law and will submit it to the Iraqi parliament for its approval tomorrow.
However, the Kurdistan Regional Government (KRG), a key party to the negotiations on the hydrocarbon law, has not seen and approved the final text of the law, for the following reason. The Iraqi cabinet’s legal committee, which has a remit to harmonise and standardise legal texts for the purposes of consistency, has gone beyond its remit by making material and substantive changes to the content of the law.
KRG publishes final Kurdistan Region draft oil law, model contract, exploration blocks
FRI, 29 JUN 2007 10:55 The Kurdistan Regional Government (KRG) is pleased to publish the final draft of the Kurdistan Region Petroleum Law in ARABIC and ENGLISH, which has now been approved by the Legal Committee of the Council of Ministers. In its next meeting the Council of Ministers will review the law and is expected to put it to the Kurdistan National Assembly (parliament) for approval.
Revenue Management and KRG Draft Petroleum Act
SUN, 22 OCT 2006 22:59 22 October 2006 - Today the Ministry for Natural Resources of the Kurdistan Region of Iraq published a final draft of a Petroleum Act for the Region, for consideration by the Kurdistan National Assembly, the Region's parliament.
KRG Natural Resources Minister: Draft Petroleum Act a win-win for all Iraq
WED, 20 SEP 2006 23:08 London, UK (KRG.org) – Dr. Ashti Hawrami, the Kurdistan Regional Government’s (KRG) Minister for Natural Resources, held a briefing today on petroleum exploration and development in the Kurdistan Region to an audience of more than 60 oil industry representatives, analysts and journalists.
KRG publishes final draft petroleum law
SAT, 9 SEP 2006 23:13 9 September 2006 - The Kurdistan Regional Government today published a final draft of the petroleum law for Kurdistan. This draft will be discussed by the KRG Council of Ministers and forwarded to the Kurdistan Parliament for its consideration.
KRG Natural Resources Minister responds to comments on draft Kurdistan Petroleum Act
TUE, 22 AUG 2006 23:23 The KRG decided to publish our Draft Petroleum Act for the Kurdistan Region for public consultation on 7 August. This was intended to generate some feedback internally as well as from the wider international investment community regarding the fairness and the clarity of the proposed Act.
KRG puts forward draft petroleum law for discussion
MON, 7 AUG 2006 23:27 Monday 7 August 2006, Erbil, Kurdistan - Iraq (KRG) – Within the rights set out in the Iraqi constitution, the Kurdistan Regional Government today circulated for discussion the first draft of a new proposed petroleum law.
Oil and gas rights of regions and governorates
TUE, 13 JUN 2006 23:20 Erbil, 13 June 2006 (krg.org) - In response to various enquiries, Dr. Ashti A. Hawrami, the KRG Minister of Natural Resources, answers questions about the constitutional rights of regions and governorates regarding oil and gas resources. The answers have been prepared in accordance with independent constitutional advice provided to the Minister.