Foreign Direct Investment and Regulation: a Case Study of Thailand's Upstream Oil and Gas Industry
Article from: OGEL 4 (2005), in Special Feature: Asian Energy Law and Policy
Abstract
The oil and gas industry is divided into two sectors: the upstream sector in which exploration and production of crude oil and natural gas take place, and the downstream sector in which the crude oil and natural gas are processed in refineries and petrochemical plants. Oil and gas development projects are characterised by large capital investments which include a clear determination of the risks and rewards of each investment opportunity. It is necessary for developing countries to provide an investor-friendly environment towards provisions of numerous incentives to foreign ...