Fair and Equal Exploitation of Transboundary Natural Hydrocarbon Based on International Law and Standards

Cross-border shared resources have always been one of the legal and economic issues, since they are highly important to governments. Because inherent characteristic governments their willingness exercise sovereignty over land, resources, protection these common cross-border challenging a subject disagreement between stakeholder countries, in legal, economic, political. These challenges become more serious when it comes valuable strategically such as oil, gas. The case this study is located on border Iran Iraq, which confluence oil resources. This region recognized Azadegan Majnoon fields. importance exploring area because regarded largest resource interconnections world single area. existence huge underground reservoir, very valuable, reason for conflict interests two Iraq. However, has not only created governments, but interfered with international multinational companies rights present future generations human beings (collective/group rights). escalation interest occurs face onshore or offshore, may jeopardize environment due political competition.