The Government have no policy on this matter. It is for the Government of Iraq to choose what measures it puts in place to resolve disputes in relation to its hydrocarbon sector.
We have made no recommendations to the Government of Iraq on the types of contract to include in its hydrocarbons legislation. We continue to urge Iraqi Ministers and officials to consider the benefits of a broad range of contract types and not to rule any out prematurely.
We have received no representations from international oil companies recommending particular contract types.
There is no mention of the term “production- sharing agreements” in Iraq’s draft hydrocarbons legislation. The term ‘exploration and production contract’ does appear in the draft hydrocarbons legislation. However, interpretation of Iraqi legislation is a matter for the Government of Iraq.