What is Iraq’s Hydrocarbon Law? …Iraq Hydrocarbon Law also known as Iraq’s oil Law is aimed to create a legal framework for the management of oil production and revenue sharing amounts various stakeholders in Iraq…Stakeholders are the Iraqi government, the companies that are involved, the different provinces, the different governments… Remember you got some very corrupt politicians, if they had it their way, they’d keep it all for themselves but the money is going to be distributed based on the per capita of each province. That makes it a lot more fair…Each territory is going to decide what they want to do with their version of the funds.
