Reopening of Upstream Oil & Natural Gas to Foreign Interests: Views and Actions of Iran, Iraq, Kuwait and Saudi Arabia.
Article from: OGEL 1 (2005), in Book Reviews and Related Material
Introduction
Since the mid-1970s, investment in oil and natural gas exploration and production (E&P) in most OPEC countries has been lagging. This has been particularly true in countries where foreign investment in upstream activities is prohibited by law. Consequently, not only has the production capacity in most of these countries declined, but also, in the opinion of many experts, the maintenance of at least some producing fields has been neglected. All this has happened despite the fact that almost every major oil company is eager to return to these countries and invest in the development ...