Managing Political Risk in the Oil and Gas Industries
Article from: OGEL 2 (2003), in Risks and Responses to Risk in the Energy Sector
In today's increasingly global marketplace every investor has to consider particular risks involved in expanding its operations. Risk is a constantly present factor in business decision making process, and determining appropriate ways to manage and mitigate risks is crucial to the ultimate success of any new investments or expansion of already existing business operations. Risk management is of paramount importance to the economic consequences of investments in oil and gas industry where such investments can exceed US$1 billion, and many years to complete The general types ...