Patterns of contracts of oil investments under international financial law
Abstract
Distinguished from the rest of the oil contracts, other contracts, whether those transactions concluded in the framework of the Interior or or those concluded In the framework of international transactions . In the shop or subject focus of such contracts. The oil contract is not standard contracts that focus on a single process and expire once implemented a process to purchase cotton, grain or building a vessel, for example, but includes oil contract resource extraction and exploitation of important natural resources for long periods of time. The investor in the oil sector, like other foreign investors do not venture to invest capital funds in any state, even if he was sure that this state is showing potential huge oil as possible to reap from behind huge profits as it does not risk investing in this state only after to make sure that the State intends to which capital investment funds he has had a favorable investment climate of any provision of an appropriate environment for him to invest and means the obligation of the host country for oil investment to the implementation of the commitments made to him about the foreign investors to provide safeguards and adequate legal And take these contracts and the various forms which vary the rights of obligations of parties to the contract , which is one of the parties the host country for foreign investment while the second party of the foreign company invested oil and this contract is one of the international contracts which are subject to rules and principles of international law and the provisions of the Financial . Embodied in the bilateral investment agreements or collective agreements between the States, which contributed to improvement and development of the investment climate in developing countries as well as being played a key role in the development of the financial rules of international law in general and foreign investment rules in particular .
References
- (D) Official facts and newspapers1 - Iraqi facts No. 8 on 15/4/19252 - Iraqi facts number 1449 on 7/7/19673 - The Official Gazette of the Arab Republic of Egypt No. 27 bis on 6/6/19874. The Official Gazette of the Arab Republic of Egypt Issue No. 26 Continued on 30/6/19885 - The Official Newspaper of the Arab Republic of Egypt no. 8 a. On 25/2/1982.6 - The Official Newspaper of the Arab Republic of Egypt Issue 29 Continued on 29/12/19887 - The Official Newspaper of the Arab Republic of Egypt Issue 19 Continued in May 19888. The Official Newspaper of the Arab Republic of Egypt No. 31, continued on 2/8/1984
- B - Laws1- Iraqi oil and gas law for the year 20072- Iraqi Investment Law No. 13 of 20063- The Regulation of Iraqi Mineral Investment Law No. 91 of 1988.4. Law on the allocation of investment zones to the Iraqi National Oil Company No. 97 of 1967.5. The Iraqi Basic Law of 1925.
- First in ArabicConstitutions1. The Constitution of the Republic of Iraq, 20052. Constitution of the Republic of Iraq, 1970
- Web sites1. www.bb.co.uk/arabic/lg/worldnews