Trend of Crude Oil Prices: Buy-back contracts vs. PSCs
Article from: OGEL 1 (2009), in Middle East, Buy Back Contracts
Without prejudice to the most recent drop in oil prices, the increase of world oil prices to high levels in the past years has illuminated new dimensions with respect to differences of various types of oil contracts. Due to the sensitivity among experts and politicians regarding oil industry's projects and the “Buy-Back'' contracts, which is a kind of the Risk Service Contract, a great deal of discussions and investigations regarding different types of oil contracts have been on going. Also, comparisons have been made between various types of oil contracts especially about sharing ...