Thu, Aug 15, 2013 - Page 9 News List

Nationalism takes a backseat to attracting oil exploration

The message from oil firms to resource owners is clear — if you want us to invest time and money in developing your resource, you must offer competitive terms

By John Kemp  /  Reuters

Shale production has also lowered oil and gas prices, and threatens to push them down further.

Resource owners need to be able to offer favorable terms to attract investment in an environment where rising prices are no longer guaranteed.

John Kemp is a Reuters market analyst. The views expressed are his own.

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