North African oil and foreign investment in changing market conditions
We analyse the oil contracts and fiscal terms used by North African countries (Algeria, Libya, Egypt and Sudan) and the evolution of foreign oil companies' involvement in their oil sectors. Although the relationship between foreign oil companies and the governments of North Africa has witnessed...
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| Format: | Working paper |
| Language: | English |
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Oxford Institute for Energy Studies
2008
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| _version_ | 1797169924104257536 |
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| author | Fattouh, B |
| author_facet | Fattouh, B |
| author_sort | Fattouh, B |
| collection | OXFORD |
| description | We analyse the oil contracts and fiscal terms used by North African countries (Algeria, Libya, Egypt and Sudan) and the evolution of foreign oil companies' involvement in their oil sectors. Although the relationship between foreign oil companies and the governments of North Africa has witnessed major transformations over the years and has taken different shapes across countries depending on country-specific factors, there are some important similarities with regards to the importance of foreign investment. North African countries' oil sectors are still heavily reliant on foreign oil companies and this reliance is likely to increase further if they are to meet their ambitious expansion plans. The recent rise in oil prices and the limited opportunities available elsewhere meant that foreign oil companies had to deal with more confident and assertive governments that are demanding a higher stake in the oil rent. The effectiveness in which governments and foreign oil companies adjust to this new reality will determine the extent and the pace of the future development of these countries' oil sectors. |
| first_indexed | 2024-03-07T00:20:20Z |
| format | Working paper |
| id | oxford-uuid:7c52718c-e742-42e1-be51-df01f8b2e2e1 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T00:20:20Z |
| publishDate | 2008 |
| publisher | Oxford Institute for Energy Studies |
| record_format | dspace |
| spelling | oxford-uuid:7c52718c-e742-42e1-be51-df01f8b2e2e12022-03-26T20:56:18ZNorth African oil and foreign investment in changing market conditionsWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:7c52718c-e742-42e1-be51-df01f8b2e2e1EnglishOxford University Research Archive - ValetOxford Institute for Energy Studies2008Fattouh, BWe analyse the oil contracts and fiscal terms used by North African countries (Algeria, Libya, Egypt and Sudan) and the evolution of foreign oil companies' involvement in their oil sectors. Although the relationship between foreign oil companies and the governments of North Africa has witnessed major transformations over the years and has taken different shapes across countries depending on country-specific factors, there are some important similarities with regards to the importance of foreign investment. North African countries' oil sectors are still heavily reliant on foreign oil companies and this reliance is likely to increase further if they are to meet their ambitious expansion plans. The recent rise in oil prices and the limited opportunities available elsewhere meant that foreign oil companies had to deal with more confident and assertive governments that are demanding a higher stake in the oil rent. The effectiveness in which governments and foreign oil companies adjust to this new reality will determine the extent and the pace of the future development of these countries' oil sectors. |
| spellingShingle | Fattouh, B North African oil and foreign investment in changing market conditions |
| title | North African oil and foreign investment in changing market conditions |
| title_full | North African oil and foreign investment in changing market conditions |
| title_fullStr | North African oil and foreign investment in changing market conditions |
| title_full_unstemmed | North African oil and foreign investment in changing market conditions |
| title_short | North African oil and foreign investment in changing market conditions |
| title_sort | north african oil and foreign investment in changing market conditions |
| work_keys_str_mv | AT fattouhb northafricanoilandforeigninvestmentinchangingmarketconditions |