This research study throws light on contract planning agreements practiced over the sector of oil and gas in Norway and KRG. The research study helps the researcher to understand and evaluate the different contract planning agreements that are followed by both the above-mentioned countries. The research study involves the discussion about the issue that is present in the oil sector of the KRG and Norway. The purpose of the research was to compare the contract agreements of Norway and KRG and find ways to improve the economy of the KRG. The impact of the issue in oil and gas contracts on the economy of the  KRG and the development of the industry of oil and gas has also been discussed. The researcher has analyzed the data gathered from various sources to meet the objectives of the research. The recommendation for the issue identified in contract agreements has been made by the researcher in the research study in order to improve the economic condition of the KRG. The topic has been chosen because no research work is available, and it is of vital importance for KRG and readers. The primary question for the research study is the identification of the issues oil and gas that is affecting the economy of the  KRG. The issues are making the KRG oil industry to struggle for development, so this question has been chosen as the primary question.
The researcher has also made the recommendation for the improvement of the KRG's oil sector. The recommendations involve the settling of the disputes between governmental bodies. It also involves the use of different contrast techniques in order to attract more investment in the O&G sector of the KRG. The recommendations will help to improve the economy of the  KRG.
In the recent year, the countries producing natural gas and oil have shown a rapid increase in the interest in the adoption of various service type contracts. The variation in the service type contract is seen to be preferred more than the concessions or production sharing contracts. The countries are using this contract for the exploration of the project and the development of oil and natural gas of the country, A service contract is considered as a long contractual framework which helps in governing the relation between the host government and the IOCS or the International Oil Companies. In this, the IOCS explores and develops oil refineries on behalf of the government. The oil and gas sector is among the other industries which play a significant role in the influencing of the all the vital sections of the economy. The oil and gas production in Norway has also gained significant importance in the European market. However, evidence shows that there has been a decrease in the production of petroleum since the year of 2001. The research involves the comparative analysis of the contract planning agreement of Kurdistan (KRG) and Norway. This chapter involves the development of the research aims and objectives that help the researcher to comprehend the development and success of the petroleum rich nation of Norway. It also contributes to finding the reason of the struggle of KRG towards development in its natural gas and oil sector.

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