KRG Ministry of Natural Resources

Office of KRG Spokesman Khaled Salih 

Monday 7 August 2006, Erbil, Kurdistan - Iraq (KRG) – Within the rights set out in the Iraqi constitution, the Kurdistan Regional Government today circulated for discussion the first draft of a new proposed petroleum law. 

The proposed law covers anti-corruption provisions, conduct of petroleum operations, local participation, resolution of disputes and penalty provisions. The draft law is supported by a proposed model production sharing agreement. 

KRG Spokesman Khaled Salih’s office would like to draw your attention to the following draft documents, for discussion purposes. The Kurdistan Regional Government invites readers to comment on these proposals. Please submit your comments to spokesman(at)krg.org 

A Proposed Petroleum Act for the Kurdistan Region in Iraq 

A Proposed Model Production Sharing Contract 

An explanatory memorandum on the first two documents