The Oxy II awards subvert the notion of sovereignty: by whom and how a country’s natural resources are used becomes a minor question as long as wealth is maximised.
Singapore has moved quickly to sign an investment treaty with oil-rich Iran to support Singapore firms investing in an economy that is emerging after the recent lifting of global sanctions.
Trade chief told oil giant in secret talks that free trade deal could address its concerns over regulations restricting activities in developing countries.
Venezuela and Canadian mining company Gold Reserve signed a memorandum of understanding to settle a protracted arbitration dispute over a gold concession.