Kurdistan Regional Government
TUE, 22 AUG 2017 06:25 Erbil, GMT +3

Natural resources

SUN, 21 JUN 2009 22:42 | KRG Cabinet

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.