Petroleum Contracts Between Foreign Private Investors and Host Developing Countries: A New Approach to Negotiating
Article from: OGEL 1 (2017), in Africa
Abstract
Default and failure of host developing Countries (these are developing countries with oil and gas reserves which host exploration and production operations and investments) to effectively control the activities of foreign private corporations and to exercise their bargaining power over them, has given rise to intense discourse at different fora revealing gaps in the legal framework of exploitation and production of the natural resources. Agreements on the exploitation of natural resources have failed to address the issue of ''adding value'' to existing natural resources in the ...