Iraq: No liability for foreign oil companies' breaches under "force majeure" circumstances

华尔街见闻2026/03/20 19:32

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If unforeseeable or unavoidable emergencies occur during the execution of oil field development contracts, resulting in the suspension of oil field production, the Iraqi government will not hold foreign oil companies liable for unfulfilled production or investment targets under "force majeure" circumstances. (CCTV)

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