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KRG publishes approved Kurdistan Region Oil and Gas Law in Arabic and English, updated model contract

THU, 6 SEP 2007 15:57 | KRG Cabinet

The Spokesman
Kurdistan Regional Government

The Kurdistan Regional Government (KRG) is pleased to publish the Kurdistan Region Oil and Gas Law in Arabic and English, which has now been approved by the Kurdistan National Assembly (parliament). The parliament approved the Law on 6 August, and the Law entered into force upon the assent of President Masoud Barzani on 9 August.

The first draft of this Law was published in August 2006, and has benefited from extensive comments from petroleum companies, NGOs, and citizens of the Kurdistan Region and other parts of Iraq. It was approved by the Kurdistan Region Council of Ministers in July.

The KRG is also pleased to publish an updated Kurdistan Region Model Production Sharing Contract (PSC), amended to take the new Law into account.

The Arabic version of the Law is the official version. The Law will also be published in the Kurdish language in the near future.

Please submit any further comments to: spokesman(at)krg.org

Send any investment related enquiries to mnr(at)krgoil.com



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