The Fight Against PSAs In Russia: Who is to Benefit and Why Not the State?
Article from: OGEL 1 (2005), in Production Sharing Contracts
Introduction
As is well-known among specialists, production-sharing agreements (PSAs) are just one in the spectrum of instruments available to attract investment in mining operations along with licence-based subsoil uses, concession agreements, and risk-service contracts. Different options prevail in different countries: some of the latter (making a majority) rely on only one arrangement for subsoil uses, while others (constituting a minority, but still numbering about a dozen) employ several at a time. Any instrument can be used to do a great deal of useful work, but can also cause, if mishandled, ...