Introduction to Upstream Petroleum Law and Regulation
Article from: OGEL 3 (2018), in Upstream Petroleum Regulation incl. Host Government Contracts
Introduction
'Petroleum products, because of their exceptional importance as energy sources in the modern economy are of fundamental importance for a country's existence since not only its economy but above all its institutions, its essential public services and even the survival of its inhabitants depend upon them.' As put by the Court of Justice of the European Union in its judgment in Campus Oil, the modern economy is built on petroleum products and hydrocarbons. While the global energy mix is today more diversified than ever, hydrocarbons continue to produce most energy the modern society ...