It is undeniable that the oil and gas industry is the largest and most crucial industry in the world. An important issue for the continued growth of this crucial sector is the development and implementation of legal policies that can further streamline the oil and gas industries. These should touch on legal tussles that range…
Foreign oil companies that have control over the critical production inputs required by a host country are likely to enjoy some degree of influence in the negotiation of terms. A package of oil production factors such as technology and funds is an essential input in oil production (Ghandi, 2001, p60). These factors give a company…