Managing Investor-State Disputes in Upstream Oil and Gas Industry: IOCs' Perspective
Article from: OGEL 4 (2018), in International Oil, Gas & Energy Dispute Management
Abstract
The contractual relationship of host states and International Oil Companies ("IOCs") in Upstream Oil and Gas Industry has been consistently proven to be unstable. When taking into consideration the cyclical rise and fall of resource nationalism, the position of IOCs becomes vulnerable when oil prices are at a high level, as host states re-evaluate their contractual commitments and propose adaptions against the interest of IOCs. IOCs should subsequently develop a multi-faceted dispute management strategy, evaluating their legal tools in an adequate manner, making their dispute resolution ...