The Legal Frameworks for Foreign Investments in Upstream Petroleum Industry of Azerbaijan
Article from: OGEL 5 (2013), in Upstream Petroleum Regulation incl. Host Government Contracts
Introduction
This article is the comprehensive systematic analysis of the existing PSAs and energy laws of Azerbaijan and makes an in-depth analysis of major legal, commercial, fiscal, environmental and other main issues under the licensing and the PSA regime and identifies the overarching issues and proposes ways to restructure the current legal regime in order to meet the challenges facing the petroleum industry of Azerbaijan. The main question of the article is whether the current petroleum regime of Azerbaijan strikes a fair balance between the goals of attracting foreign investments, on the one ...