Political Risk Management in Natural Resources Projects in the MENA and the Latin American Regions
Article from: OGEL 3 (2018), in Risks and Responses to Risk in the Energy Sector
Introduction
Regardless of the nature of the host government contract that grants mining or petroleum rights, there are numerous measures that International Resources Companies ("IRC") can take to minimise contract and country risk. Most of these measures are preventive measures that need to be addressed in advance but others are responses to specific threats that an educated IRC needs to be mindful of. In the area of natural resources, the battle of resource sovereignty versus contract sanctity is ever present and policy decisions may change fairly rapidly. A prepared IRC is usually in a ...