Commentary
Official discussions about mini oil refineries are unlikely to come to anything—but the mere fact they’re happening reveals the regime is failing to deliver a functioning economy.
Sergey Vakulenko
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Source: Getty
Race to the Bottom? How the Price Drop is Impacting Fiscal and Contract Terms
The oil price is the most obvious trigger of change in the relationship between host governments and investors.
Published on Jun 28, 2015
Source: Natural Resource Governance Institute
This year, the NRGI conference focused on the implications of falling commodity prices, bringing together policy makers, practitioners, academics and other leading experts (including many from developing countries) to discuss the salient policy and governance challenges and the latest analysis on these issues. The conference provided a forum for highly interactive debate, showcasing new thinking, policy experience and emerging practice.
Carnegie’s Carole Nakhle initiated the talk with a discussion on the oil price’s impact on the bargaining power between host governments and investors at the negotiating table.
About the Authors
Carole Nakhle
Former Nonresident Scholar, Middle East Center
Nakhle was a nonresident scholar at Carnegie Middle East Center, specializing in international petroleum contracts and fiscal regimes for the oil and gas industry, world oil and gas market developments, energy policy, and oil and gas revenue management.
Philip Daniel
Anthony Paul
Salli A. Swartz
Satya Widya Yudha
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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