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New Directions In The Search For And Development Of Petroleum Resources In The Developing Countries, Hasan S. Zakariya

Vanderbilt Journal of Transnational Law

The developing countries have several things in common. They share, to a large extent, similar political and socio-economic backgrounds, strive to overcome similar problems, and aspire to achieve the same goals of social progress and economic welfare. Hence, the importance of coordination of their efforts towards their common objectives can hardly be overemphasized.

In order to avoid the mistakes of the past and emulate the positive gains of the present, the developing countries, in searching for and developing their petroleum resources, can and must learn a great deal from each other. The experience of some of them has been long, …

Historical Perspectives And New Directions In The Exploitation Of Latin American Petroleum Resources, Henry B. Steele

Vanderbilt Journal of Transnational Law

This paper constitutes an attempt, in a very brief compass, to provide an historical survey of the traditional roles of government and private enterprise in the exploitation of Latin American petroleum resources, to evaluate the current situation, and to speculate in a limited manner on the future implications of present developments. The basic analytical frame of reference is that of economics, but since the petroleum industry is a world industry, developments in the Latin American petroleum industry must be placed in the wider context of world oil industry economics and politics. From the standpoint of economic analysis, the major conflict …