A master's thesis at the College of Law at the University of Basrah discussed the administration's powers in petroleum partnership contracts.
The thesis presented by the researcher Abdel Aziz Asaad Khalaf showed that the extractive industries of oil and gas contribute significantly to the growth of the economy, and oil is the economic source for the budgets of many developing countries. In Iraq, it is the first source, and given the fact that most countries lack the technical and technological expertise needed to search and explore for oil, this was a reason to move away from direct exploitation and to resort to petroleum contracts as one of the means of optimal exploitation of natural resources.
The thesis aims to deal with petroleum legislation with a specific definition of petroleum partnership contracts, and we concluded through analyzing the jurisprudential definitions that petroleum partnership contracts can be defined as an agreement concluded between the oil-producing country or one of its petroleum institutions and the foreign oil company with the aim of carrying out exploration and exploitation of oil through the establishment of a joint operating company or joint project on a specific area.
