Iraq's contracting policies await state succession

The end of Saddam Hussein's presidency in Iraq marks a new beginning for oil and natural gas companies previously barred by US or United Nations sanctions from doing business in this resource-rich country. But so far, Iraqi political and legal issues remain intertwined, creating more questions than answers for potential outside investors.Attorneys specializing in energy and trade law from three law firms told OGJ that it's impossible to predict the timing of a transparent legal framework for doing business in Iraq. James L. Loftis, Vinson & Elkins LLP"If you are an Iraqi, you are thinking about who has the most capital and the most expertise—and American and British compani...

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