Karwan Dhahir Saber
Business and Management Department, Ishik University, Erbil, Iraq
Email: [email protected]
(Full Paper)

This study analyses the various types of contracts which have been awarded within the modern global petroleum industry and considers how far the different exploration and exploitation rights set out in contracts which may best suit Iraq-Kurdistan in the context of the country’s current legal-political
environment. It will also examine whether the people of the Kurdistan region of Iraq are legally entitled to the right to enter into contracts with foreign oil companies. Finally, the study will propose that the production sharing agreements employed within the Kurdistan region of Iraq appears to be legal and
best suits for the Kurdistan and Iraq as well as whole since that it is the contract model best well-matched to; attract foreign investment, develop future and prospective oil fields, deliver consistently economic rents to the state and provide greater involvement in the country’s hydrocarbon industry to the Iraqi people as required under Article 112 of the Iraqi constitution as well as creating better political friendships with foreigner countries.

Keywords: Politics issues between Iraq and Kurdistan Region, trips of petroleum contacts, evaluated
nuclear reasons for KRG to do PSC contacts, Iraq’s right and responsibilities

ISBN 978-0-9962570-9-1

Faculty of Administrative Sciences and Economics
Tishk International University