Given the new and developing mechanisms, such as the wind-falling income tax, mandatory service agreements and joint venture transactions, the increased use of price-linked tax conditions, in contrast to R factor formulas and restrictions on repayment by depreciation and cost oil certificates, he felt it was time for OGEL to conduct an international investigation into different tax regimes. , including efforts to study the current balance of power between international oil companies („IOC“). , national oil companies (NOCs) and host governments. This issue has tried to find experts who are not only conceiving from an international perspective, but who will hopefully find elements in different host governments that are undergoing changes in their E-P regimes and who have government strategies to give us their opinion from the perspective of a family doctor. The type of action of the host state that may constitute indirect expropriation „We have taken important steps that pave the way for the final investment decision in the coming months,“ said Pierre Jessua, Managing Director of Total E-P Uganda. „We look forward to reaching a similar agreement with the Tanzanian government and closing the tendering process for all major engineering, procurement and construction markets.“ In the meantime, Mexico is in the process of implementing a new model services contract to stimulate additional investment in the P.E. sector. Years ago, Mexico recognized the limits of attracting foreign investment under its existing legal system and introduced several amendments to the PEMEX Act and related rules in 2008. Finally, Mexico has developed a new model services agreement for the implementation of the 2008 reforms, which would be adopted at the time of the publication of this special issue. Mexico hopes to generate the type of investment made in Iraq for its service contract model. This optimism is tempered by the well-known fact that the risk profile in Mexico is very different from that of Iraq and that the conditions contained in the agreement model promulgated by PEMEX will likely determine the success or failure of the program in order to generate the upstream investment needed in Mexico. The service contract model, whose failures to reserve IONSI reserves are linked to difficulties under most securities exchange rules, continues to gain popularity in Latin America and has been introduced in several countries in the region. We believe that the overall trend that is presented in the various articles here is that host governments are becoming more sophisticated, and although the means and methods they use to generate higher incomes for the host government may vary, the common issue is similar among virtually all developing countries.
For the most part, due to the rise in crude oil prices, the increase in revenues remaining in a host country will be generated by the E-P activities. In addition, there is another group of host governments, such as Brazil, Indonesia, Venezuela and Mexico, that are implementing new tax regimes and assigning oil and gas production arrangements in their countries. Recent discoveries in the MSGBC basin (covering Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea-Conakry) have raised high hopes for upstream industry, host countries and their populations. Indeed, the development of these areas could potentially make a significant contribution to economic growth and development, making the sub-region a regional energy centre. This book identifies political risks, in particular indirect expropriation, resulting from unilateral measures taken by host governments over the lifetime of investment projects in the energy sector. This research-based study, which focuses on stabilization clauses as a political risk management instrument, uses comparative empirical data from Turkey and Azerbaijan to determine the influence of host countries on the inclusion of stabilizatio clauses.