4.3.2008 Official Journal of the European Union L 591 | (Acts adopted under the EC Treaty/Euratom Treaty whose publication is obligatory) REGULATIONS COUNCIL REGULATION (EC) No 195/2008 of 3 March 2008 amending Regulation (EC) No 1210/2003 concerning certain specific restrictions on economic and financial relations with Iraq THE COUNCIL OF THE EUROPEAN UNION, (3) It is also appropriate to align Regulation (EC) No 1210/2003 with recent developments in sanctions practice regarding the identification of competent autho- rities, liability for infringements and jurisdiction. For the purpose of this Regulation, the territory of the Community is deemed to encompass the territories of the Member States to which the Treaty is applicable, under the conditions laid down in the Treaty. Having regard to the Treaty establishing the European Community, and in particular Articles 60 and 301 thereof, Having regard to Council Common Position 2008/186/CFSP of 3 March 2008 amending Common Position 2003/495/CFSP on Iraq (1), (4 In order to ensure that the measures provided for in this Regulation are effective, this Regulation should enter into force immediately, Having regard to the proposal from the Commission, Whereas: HAS ADOPTED THIS REGULATION: (1) In accordance with United Nations Security Council (UNSC) Resolution 1483 (2003), Article 2 of Council Regulation (EC) No 1210/2003 (3 made specific Artide 1 arrangements as regards payments for petroleum, petroleum productsy and natural gas exported from Regulation (EC) No 1210/2003 is hereby amended as fOllOWS: Irag, whilst Article 10 of that Regulation made specific arrangements ~ concerning  immunity from  legal proceedings of certain Iraqi assets. The specific arrangements on payments continue to apply, whilst the specific arrangements on immunities applied until ) . 31 December 2007. 1. Article 2 shall be replaced by the following: (2)  UNSC Resolution 1790 (2007) and Common Position 2008/186/CFSP provide that both of these specific ‘Article 2 arrangements are to apply until 31 December 2008. Regulation (EC) No 1210/2003 should therefore be All proceeds from all export sales of petroleum, petroleum amended accordingly. products and natural gas from Iraq, as listed in Annex I, as of 22 May 2003 shall be deposited into the Development () See page 31 of this Official Journal. Fund for Iraq under the conditions set out in UNSC Reso- (3 OJ L 169, 8.7.2003, p. 6. Regulation as last amended by Regulation lution 1483 (2003) and in particular paragraphs 20 and 21 (EC) No 1791/2006 (O] L 363, 20.12.2006, p. 1). thereof’;