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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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INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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