Law Commons^™

Obsolescence Bargaining In Transit Pipelines: What Options Exist For Securing Resource Supply, Humphrey Onyeukwu

Humphrey Onyeukwu

ABSTRACT:

Within the Oil and Gas value chain, transportation plays an important role in fusing the link between the producer and consumer nations. The supply of oil and gas are principally through pipelines routes which typically transcend across several borders and therefore requires the negotiation of transit terms with transit nations. This situation has therefore subjected resource supply, a very important factor input in the matrix of energy consumption to the vagaries of obsolescing bargain and its ancillary effect of potential disruptions to the consumer nation. This paper shall seek to examine the issues of obsolescing bargain in transit pipelines …

The Incentives In The Fiscal Framework Of The Nigerian Mous With The International Oil Companies: Have The Objectives Been Achieved?, Humphrey Onyeukwu

Humphrey Onyeukwu

ABSTRACT: The Nigerian Government had entered into Memoranda of Understandings (MoUs) with the various major International Oil Companies (IOCs) in the 1990s providing incentives to the companies at a period when the Oil market was experiencing oil price recession. The MoUs, amongst other fiscal terms guaranteed the IOCs a minimum profit per barrel of oil produced and a lower tax rate from the standard tax rate prescribed under the Petroleum Profit Tax Act. However, the Nigerian Government has recently indicated its intent to terminate the MoUs and replace it with a standard tax plan. In the light of these recent …