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International Petroleum Contracts (International Energy & Resources Law and Policy Series Set) (Hardcover)

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This book analyzes the development policies behind the evolution of various arrangements for international petroleum exploitation. By studying examples of the principal categories of petroleum arrangements in four representative developing countries (Thailand, Indonesia, Brazil and China), this study examines in particular the issues of recent trends and new directions in contractual development and environmental sustainability that are reflected in both the structure and substance of the modern petroleum contracts that have emerged since the 1950s. Modern petroleum contracts are generally able to achieve a greater commerciality and mutuality of interests, but they have failed to produce a necessary balance between resources extraction and environmental sustainability. The future direction for petroleum agreements is that they must explicitly recognize the inherent interdependence of commercial viability and sustainable development.

Product Details
ISBN: 9781859661031
ISBN-10: 1859661033
Publisher: Kluwer Law International
Publication Date: January 1st, 1994
Pages: 240
Language: English
Series: International Energy & Resources Law and Policy Series Set