In Feb 2014 Iranian government launched a new oil investment contract to replace the outdated and unattractive buyback model that had been used for more than two decades for development of oil and gas fields. The new investment model is similar to the Production Sharing Agreement (PSA) and...

Economic development is a major policy objective of the governments of developing countries that are rich in natural resources. Nigeria has promoted, through legislation, the concept of Nigerian content through domestic capacity building and preferential participation as a policy in its Oil and...

The pursuit of stability -- Stability based on contract -- The classic tests -- Stability based on treaty -- Meeting challenges to stability in the context of the global adjudication system -- Latin America : treaty and contract stability in the face of resource nationalism and crisis -- Central...

Based on the analysis of the case of the Hungarian oil and gas firm MOL, target of a hostile takeover bid first by Austria’s OMV (2007), then by Russia’s Surgutneftegaz (2009), this essay attempts to show how such hostile takeover bids in an industry (energy) deemed strategic by the host...