Abstract
Some of the issues currently shaping transnational investment in the petroleum industry are examined. These include; the re-defining of the role of the state in petroleum development strategy; the evolution of contractual practice; the introduction of more liberal investment legislation; the restructuring of state petroleum enterprises with a view to commercialisation, corporatisation or privatisation; the increasing significance of petroleum production in emerging nations; and heightened international awareness of the environmental impacts of energy development. The discussion includes an analysis of the implications of these issues for developing countries in terms of inward foreign investment, some reflections on the development versus environment debate and some consideration of the influence of current trends on the future of the international petroleum industry. (UK)
| Original language | English |
|---|---|
| Title of host publication | International Oil & Gas Investment |
| Subtitle of host publication | Moving Eastward? |
| Editors | Thomas Walde, George Ndi |
| Place of Publication | London |
| Publisher | Graham & Trotmann/ M. Nijhoff |
| Chapter | 1 |
| Pages | 3-28 |
| Number of pages | 26 |
| ISBN (Print) | 9781853339639 |
| Publication status | Published - 21 May 1994 |
| Externally published | Yes |
