BAK
JF-Expert Member
- Feb 11, 2007
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- 288,165
"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.
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.