Journal of college of Law for Legal and Political Sciences

Abstract

Oil investment contracts are of great importance due to the transfer of distinguished and modern technologies and capabilities from foreign investment companies to the host country for investment for the purpose of developing the infrastructure in this sector, and providing large financial resources to the host country.Iraq has concluded various types of contracts with foreign companies for oil investment since the discovery of oil until now, and the existence of a new type of contracts represented in the oil licensing rounds that were approved after 2003, and that there is no oversight over them by the concerned authorities and their transgression of the specialized laws in this field, which requires In this regard, it is necessary for the Iraqi legislator to intervene and legislate a special law for investment in oil and gas that is compatible with the Iraqi investment reality and its position in this field.