Introduction

I have at different times discussed the susceptibility of foreign investment in host countries.[1] Foreign oil companies have traditionally been more affected in this regard because of how oil exploration is arranged. The capital as well as technical and managerial know-how that is required in the extractive sector is typically available to companies from the developed countries. Extractive resources are at the centre of competing claims between the sovereign state that owns the resources in international law and who relies on it as an important revenue source, and producing ...