Common Contracts
1 similar Petroleum Agreement contracts
Answer-to-Question-_1_Part APetroleum Agreement • June 9th, 2022
Petroleum agreements take various forms depending on the jurisdiction in which the IOC intends to invest in. These are agreements are mostly structured in a manner that ensures the host government maximises the wealth it can yield from its minerals resources based on sustainable development goals for that state. In the same manner IOCs try to ensure that the agreements are structured in a manner that maximises shareholder wealth through maximum profits but with the least cost possible. The three types are discussed below.
