LEGAL PROVISIONS OF THE INVESTMENT CONTRACT IN THE CONSTRUCTION OF OIL REFINERIES

Main Article Content

SHAFAA ABD HUSSEIN

Abstract

The contract for private investment in the establishment of refineries for crude oil refining is one of the essential contracts in light of the development taking place in the transformational oil industries. It is considered one of the basic pillars of the countries hosting investment, which prompted most countries to issue legislation to attract investment in the establishment of refineries and organize its procedures. In Iraq, Law No. 64 of the year was issued 2007 amended to give a large space for investing companies in attracting foreign and national investments and in granting the private sector the establishment and ownership of projects for refining and refining crude oil and all procedures emanating from its investment. Therefore, Iraq tended to offer several refineries for investment in several governorates to increase local production capacities, improve quality and achieve flexibility Addressing shortages and bottlenecks in refineries by providing an appropriate legislative environment to regulate this type of investment.

Article Details

Section
Corporate / Business Law
Author Biography

SHAFAA ABD HUSSEIN

Dr. Shafaa Abd Hussein

Iraqi Ministry Of Oil, Iraq

References

A - THE LAWS

- Iraqi Civil Law No. 40 of 1951

- Investment Law No. 13 of 2006

- Investment Law for the Establishment of Crude Oil Refineries No. 64 of 2007

- Jordanian Investment Law No. 30 of 2014

- The UNCITRAL Typical Law on International Commercial Conciliation 2002.

B- BOOKS

/ Rabah Ghassan: International Commercial Contract Model of Oil Contract, Beirut, Lebanon, Al-Halabi Publications, 1st Edition, 2008.

/ Suleiman Muhammad Al-Tamawy: The general foundations of administrative contracts, Egypt, Ain Shams University Press, first edition, 1991.

/ Abbas Aneed Ghanem: Guarantees of Foreign Investment in Law (A Comparative Study) Iraq, Diwaniyah, Nippur House for Printing and Publishing, 1st Edition, 2018.

/ Muhammad Mohsen Abd al-Jubouri: Legal aspects of investment contracts (a comparative study) Lebanon, Zain Law and Literary Library, first edition, 2019.

/ Hani Mohamed Kamel Al-Manaily, Arbitration Agreement and Petroleum Investment Contracts - Alexandria Egypt, Dar Al-Fikr Al-Jamii, 1st Edition, 2011.

/ Abdel Hafeez Safwat Ahmed, The Role of Foreign Investment, Alexandria, Egypt, University Press, 2006.

/ Sadiq Hashem, International Trade Contracts, Egypt, University Press, without edition, 2007.

/ Jassim Abdul Basit, Judicial Jurisdiction in Legislation, Anbar University Journal of Islamic Sciences, Volume 1, Issue 1, 2009.

/ Abu Talib, Fouad Muhammad, International Arbitration in Foreign Investment Disputes, Alexandria, Egypt, Dar Al-Fikr Al-Jamii, 1st Edition, 2010.

/ Al-Assad Bashar, Investment Contracts in Private International Relations, Beirut, Lebanon, Zain Human Rights Publications, 1st Edition, 2006.

/ Al-Sultan, Anwar, Sources of Obligation in the Jordanian Civil Law, without a publishing house, 1, 2002.

/ D: Siraj Al-Din Abu Zaid, Arbitration in Petroleum Contracts, Dar Al-Nahda Al-Arabiya, Cairo, 2010.

/ Al-Mursi, Khaled Al-Sayed Mahmoud, Diplomatic Protection for Citizens Abroad, Egypt, Alexandria, Al-Wafa Legal Library, 1st Edition, 2012.

/ Allam, Saad, The Arbitration System in Petroleum Disputes and Its Relationship to State Sovereignty, Amman, Jordan, Wael Publishing and Printing House, 1, 2017.

/ Ali Ghassan Ali, Foreign Investments and the Role of Arbitration in the Settlement of Disputes That May Resist, PhD Thesis, Faculty of Law, Ain Shams University, Egypt.