Middle East Economic Survey

VOL. L

No 8

19-Feb-2007

Iraqs Draft Petroleum Law: An Independent Perspective

By Tariq Shafiq

The following paper was presented by Tariq Shafiq at a conference for Iraqi oil technocrats in 'Amman on 17 February. Mr Shafiq, a principal drafter of the petroleum law, is director of Petrolog & Associates, Chair Fertile Crescent Oil Company, and a former Executive Director and Vice Chairman of Iraq National Oil Company.

1.0 Introduction

1.1 Iraq may prove to have one of...