PSAs Vs Service Contracts, The Case Of Iraq


By-Tariq Shafiq*


Oil and gas policy, laws and contracts are not written in a vacuum. They reflect cultural and political pressures, a country’s economic needs and geological complexity. The terms and conditions of an oil and gas contract are normally governed by a national Petroleum Law whose details reflect the country’s cultural, political, economic and fiscal policy. Where there is a Petroleum Law, a...