What are the Mechanisms for Resolving Disputes Between Countries With Transboundary Resources? - a Closer Examination
Article from: OGEL 2 (2005), in Roundup of Articles
States sharing common deposit of petroleum are likely to have conflicting claims regarding the ownership and right to exploit the resource. This paper analyses the legal regime of transboundary petroleum, the means for exploitation and the mechanisms for resolving disputes. This paper founds that States are not duty bound under international law to negotiate for the development of transboundary resource, as the duty is more of a moral obligation and they cannot be sanctioned to negotiate. However, the paper concludes that it is preferable for States to enter into bilateral or ...