Introductory Note: The 1996 Russian Production-Sharing Law
Article from: OGEL Archive issue , in Roundup of Articles
Introduction
The Russian Production-Sharing Law, signed by President Yeltsin on 30 December 1995 and effective upon publication on 11 January 1996, constitutes one of the most significant legal instruments marking the major ex-socialist countries long march from Communism towards the - envisaged - market economy, in its major industrial and foreign exchange earning sector - oil and gas - dealing with the core political issue - the entrance of (Western) international oil companies as foreign investors. While this law is neither the beginning nor the end of a long story, which continues to unfold, ...