Iraq: Oil and Gas Legislation, Revenue Sharing, and U.S. Policy

24 11 2009

URL: http://opencrs.com/document/RL34064/. Source: Library of Congress.

Development in Iraq’s oil and natural gas sector is proceeding, in spite of continuing delays in agreeing to hydrocarbon sector and revenue sharing legislation to define new terms for the management of the country’s significant oil and natural gas resources. Both the Bush Administration and the 110th Congress considered the passage of oil and gas sector framework and revenue sharing legislation as important benchmarks that would indicate the Iraqi governments commitment to promoting political reconciliation and providing a solid foundation for long term economic development in Iraq.

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