Quote of the Month


JF-Expert Member
Feb 11, 2007
"We were amazed the conditions are so generous.

Nothing like that could happen in Norway. If a foreign company is lucky enough, it might get 10 per cent of revenue not the host country. I wonder how the host government in this case could have accepted such a poor production sharing agreement which is far from internationally-acceptable standards."

Norwegian Erik Hagen when discussing about recently signed contract between Tanzania and his Norwegian Company StatoilHydro company.

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