The Issue of Resource Nationalism: Risk Engineering and Dispute Management in the Oil and Gas Industry

Texas Journal of Oil, Gas, and Energy Law, Vol.5, No.1, pp. 79-108, 2009-2010

30 Pages Posted: 15 Jan 2012

See all articles by A. F. M. Maniruzzaman

A. F. M. Maniruzzaman

University of Portsmouth - School of Law; Centre for Energy, Petroleum and Mineral Law and Policy, University of Dundee; Faculty of International Law, China University of Political Science and Law

Date Written: August 12, 2009

Abstract

In the recent past the specter of resource nationalism has proved to be a daunting propsect for international oil companies' (IOCs) business. Such a phenomenon is certainly a big risk factor for IOCs, and it leads to disputes between IOCs and their host states. There are ways and means — legal and extra-legal — by virtue of which such risks may be tackled. The purpose of this article is to discuss these so that IOCs find them as useful tools for the purpose of protecting their interests in this vulnerable situation. The article first discusses the meaning of resource nationalism; it then proceeds to examine the role of the rule of law in the event of resource nationalism. This is followed by an appraisal of the risk management toolbox, i.e., the legal and extra-legal means of risk and dispute management. The article then concludes with some remarks.

Keywords: Resource Nationalism, Risk Management, Dispute Mangement, Dispute Prevention, IOCs

Suggested Citation

Maniruzzaman, A. F. M., The Issue of Resource Nationalism: Risk Engineering and Dispute Management in the Oil and Gas Industry (August 12, 2009). Texas Journal of Oil, Gas, and Energy Law, Vol.5, No.1, pp. 79-108, 2009-2010. Available at SSRN: https://ssrn.com/abstract=1985171

A. F. M. Maniruzzaman (Contact Author)

University of Portsmouth - School of Law ( email )

Richmond Building
Portsmouth, Hampshire PO1 3DE
United Kingdom
+44 (0)2392844194 (Phone)

HOME PAGE: http://www.port.ac.uk/departments/academic/law/staff/title,23599,en.html

Centre for Energy, Petroleum and Mineral Law and Policy, University of Dundee ( email )

Nethergate
Dundee, Scotland DD1 4HN
United Kingdom

Faculty of International Law, China University of Political Science and Law ( email )

Beijing
China

HOME PAGE: http://www.cupl.edu.cn:81/sites/en/School_EN_new_Index.jsp

Register to save articles to
your library

Register

Paper statistics

Downloads
437
Abstract Views
1,398
rank
66,088
PlumX Metrics