Contractual Framework for Oil and Gas Investments in the Middle East
By: Bassam Fattouh, Carole Nakhle
The Middle East and North Africa is the world’s most prolific oil and gas producing region. With 61% of total proved oil reserves and 41.3% of gas reserves, lasting for at least 50 years and possibly longer, and with the lowest extraction cost in the world, the Middle East should be on the radar screen of any international Exploration and Production company. The objective of this paper is to analyse the contractual framework for oil and gas investment in the Middle East (ME). The paper will conduct a comparative study of the fiscal arrangements in the major oil and gas producing countries in the region.
Categories / Country and Regional Studies, Current Research, Finance, Gas, Oil