Pulling in different directions
Can Opec ever achieve harmonised foreign investment rules? Maria Kielmas talks to former Algerian energy minister Nordine Aït Laoussine – who says it will never work – and to harmonisation’s biggest supporter and architect Bernard Mommer, special adviser to Opec’s outgoing secretary-general, Ali Rodríguez
Despite long discussions within the Organisation of Petroleum Exporting Countries (Opec) and academic circles, private industry has always been sceptical about ever achieving harmonised investment rules. How can Opec member states contemplate a common investment framework when political factions within each country – notably Kuwait, Saudi Arabia and Iran – cannot reach a consensus on foreign investment per se? Even sympathetic observers have their doubts.
“I don’t think it will work
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