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Email this article: Iraq upstream legal update
Posted: Sun October 23, 2011 8:25 pm
UAE. With proven oil reserves of approximately 115 billion barrels, Iraq's oil industry has seen considerable growth. The opportunities, however, are not without their challenges. The existing legal framework within which the IFG and the KRG operate is based on constitutional provisions.
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UAE. Insurers have been prompted to prepare for the effects that VAT and changes to international financial reporting standards (IFRS) will have on their industry as well as assessing the impact of new insurance regulations that came into effect earlier this year.
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