OWNERSHIP ON THE PETROLEUM CONTRACTS

The analyze of the petroleum contract determines that the ownership of the oil and gas filed is one of the very fundamental issues in the Petroleum Contract not only for the host country in the middle east but also for the Petroleum Companies. But the analyze of the petroleum contracts from the ownership perspective may show that the hybrid nature of this ownership rights, one from private law perspective and other from international business law standpoint of view. Therefore, in this essay the ownership right on the project land and field shall be analyzed in order to concretize the nature of this right on the private and international business laws.