The Energy Charter Treaty as a Means of Developing National Industry and Commerce in the Exploitation of Petroleum Resources: An Analysis of the Application of Articles 5, 10 and 22 of the Energy Charter Treaty
Article from: OGEL 5 (2011), in The Energy Charter Treaty
Introduction
The exploitation of petroleum resources has the capacity to enhance a nation's economy and promote national industry. This study examines how a state[1] can utilise the Energy Charter Treaty (ECT) to develop national industries and commerce in the exploitation of its petroleum resources. The development of petroleum resources of a state relies on investment in petroleum producing enterprises and the development of infrastructure, in order to produce petroleum. It also relies on the ability of a state to gain access to certain markets in order to sell the petroleum products. The ...