Transnational Petroleum Soft Law and its Sanction Mechanisms
Article from: OGEL 1 (2023), in Roundup of Articles
The oil and gas industry is one of the largest, most important, and most complex industries in the world, with lots of uncertainties. Although this industry has a large community of actors and activists around the world, it also has inherent distinctive features, challenges, and complexities of its own. Over the course of more than a century, the actors in the petroleum industry have regulated unique "soft law" to regulate the relationships between different actors and manage the challenges in this industry. The question is, what would be the "transnational petroleum soft law" ...