Suchergebnisse

The article addresses the interplay between oil policy and constitutional law in Iraq. Its central focus is the relations that the constitution allocates to Kurdistan authorities and the federal government. Through this prism it provides an account of the prospects for the Iraqi oil
industry. This includes a discrete exposition of the production sharing and service contracts that have been concluded between the international oil companies and the Kurdistan authorities and the federal government. Both federal and Kurdistan authorities use interpretations of legal texts,
both contracts and constitutions, to pursue their own political and economic projects. Law in this case is politics by another means.

AbstractThe current international law applicable to the cooperative development of petroleum resources imposes few procedural requirements on States. In the event of a failure to agree, they may choose to make further efforts at developing cooperative arrangements, or go ahead independently anddevelop the resource. Recent bilateral agreements in the North Sea and the Caribbean seek to move beyond the cooperation established under bilateral delimitation treaties. They indicate a willingness to design innovative legal frameworks in which different, sometimes diverging interests may be managed. Nonetheless, early experience suggests that, in the event of a breakdown, unilateral action may follow.