{"id":1018,"date":"2015-11-29T10:57:54","date_gmt":"2015-11-29T10:57:54","guid":{"rendered":"http:\/\/emiddle-east.com\/?page_id=1018"},"modified":"2015-11-29T10:57:54","modified_gmt":"2015-11-29T10:57:54","slug":"countries-under-financial-stress-could-ease-oil-sector-entry-terms-this-year-according-to-pfc-energ","status":"publish","type":"page","link":"https:\/\/emiddle-east.com\/keme-12009\/countries-under-financial-stress-could-ease-oil-sector-entry-terms-this-year-according-to-pfc-energ\/","title":{"rendered":"COUNTRIES UNDER FINANCIAL STRESS COULD EASE OIL SECTOR ENTRY TERMS THIS YEAR, ACCORDING TO PFC ENERG"},"content":{"rendered":"
COUNTRIES UNDER FINANCIAL STRESS COULD EASE OIL SECTOR ENTRY TERMS THIS YEAR, ACCORDING TO PFC ENERG<\/p>\n
Wpisa\u0142: PFC Energy Press Release
\nWASHINGTON, DC (February 17, 2009)\u2014Lower oil prices and declining revenues could force some states to adjust their fiscal terms this year, according to a recent study by PFC Energy\u2019s Petroleum Risk Manager service. Countries with weak government finances, declining production or immediate technical needs could make concessions in order to attract investment. International oil companies (IOCs) may find greater negotiating leverage in states that include Venezuela, Ecuador and Algeria.<\/p>\n
Over the past few years, rising oil prices and dwindling investment opportunities for oil companies gave greater leverage to resource holders, and many countries responded by tightening their contract terms. Those conditions have changed, and many oil producing countries will find that their relative power has diminished. Sustained low oil prices will add to the financial strain on state budgets, forcing a policy response. Countries that introduced windfall profits taxes will see declining participation in new bid rounds, and IOCs will push for more favorable terms in bilateral negotiations.<\/p>\n