Petroleum Contracts and International Law

by Rudolf Dolzer

Overview

This book addresses aspects of international law relating to petroleum contracts, examining oil and gas agreements between states and private companies and their intersection with rules of international law. It provides detailed and insightful coverage of the current practice as well as commentary and analysis based on the authors' extensive experience. The book covers topics such as the nature of international petroleum contracts, petroleum agreements as state contracts, issues of contract stability, the development of bilateral investment treaties, natural resource cycles, political risks and the specific petroleum policies of the International Bank for Reconstruction and Development, the International Monetary Fund and the International Development Association. This is a timely and comprehensive book on this important area of law.

Product Details

ISBN-13:	9780191025068
Publisher:	OUP Oxford
Publication date:	10/05/2018
Sold by:	Barnes & Noble
Format:	eBook
Pages:	392
File size:	672 KB

About the Author

Professor Rudolf Dolzer is a Barrister at McNair Chambers, specialising in energy matters, commercial international arbitration, international investment law, and oil and gas. He is former Director of the Institute of International Law, University of Bonn, Germany, former Director General of the Office of the Chancellor of the Federal Republic of Germany.

Table of Contents

1. Nature of International Petroleum Contracts
2. Historical Development
3. Petroleum Agreements as State Contracts
4. "Internationalization" of Petroleum Contracts
5. ICSID Convention
6. OPEC and Issues of Contract Stability
7. Emergence of NOC's
8. Doctrine of Permanent Sovereignty over Natural Resources
9. Era of New International Economic Order
10. Development of BITs
11. Petroleum Policies of IBRD, IMF, IDA's
12. Natural Resource Cycles
13. Modern Resurgence of Resource Nationalism
14. Political Risks in Today's Global Energy Markets
15. Law Applicable to Petroleum Contracts
16. Stabilization "Architecture"
17. Stabilization Mechanism in Host Government/NOL Contracts
18. Stabilization from Host Government Perspective
19. Host Government Stabilization "Counter Measures"
20. Issues Surrounding Forced Contract Renegotiation
21. Role of Arbitration in Contract Stabilization
22. Recent Investment Arbitration Case Law
23. Role of Arbitrators and the Law
24. Stabilization in the 21st Century: Balancing Competing Interests

Editorial Reviews

"In sum, Petroleum Contracts and International Law offers an excellent introduction to the main legal principles governing the realisation of upstream energy investments that will prove useful to both students of oil and gas law and practitioners." — Anatole Boute, The Cambridge Law Journal

From the Publisher