PSA debate: Getting rid of rival
Article from: OGEL 3 (2003), in Roundup of Articles
Summary
A discussion has been sparked in Russia whether or not a production sharing agreement (PSA) is needed as a special investment regime. This is not a 'just asking' kind of question because it relates to multi-billion investments in the Russian oil industry. Given that I headed the group of PSA law developers and consider myself personally responsible for emergence of PSAs in Russia, I cannot stay away from the discussion