Russian PSAs - Quo Vadis?
Article from: OGEL 2 (2005), in Production Sharing Contracts
On 30 December 1995 the Russian law on production sharing agreements (PSAs) entered into force after a long period of preparation and gestation. For several years various drafts had been discussed by Russian legislators as well as by several Russian and foreign interest groups. The draft which was finally adopted by the Russian Parliament was perhaps not a perfect one and did not fully correspond to the wishes of the various interest groups. This notwithstanding, it met with general approval in oil and gas quarters in Russia, as well as outside Russia. It was even hailed by some ...