Iraq oil exploits and the legal regime

I sat down with J. Jay Park in Dubai, the man who helped the Somali government craft its new oil law and has worked with all sides in Iraq oil law. He holds training sessions for the Iraq Oil Ministry, and represented Canada's Western Oil Sands in their contract with the Kurdistan Regional Government.

We talked about what an oil law is supposed to do, and how it is framed for Iraq's massive reserves.

He even let me pester him on model contracts, including what the controversial production shar...