When an oil company is kicked out of a country after investing billions in a project what is the end result?

This question is way out of my league...I just want the opinions of those here who might know what is going on?..please some honest rational answers for a rational question.





The question that would follow is..does this lead the oil companies to bribe officials, princes or politicians to keep their business in those countries?When an oil company is kicked out of a country after investing billions in a project what is the end result?
';Oil drilling is a gamble'; and oil companies know this.





When a country claims to have oil they ';tender'; the site i.e. put it up for auction. The winning Oil Company ';signs a contract';. This contract can say the ';country'; gets 30% of every barrel sold plus an initial $1 Billion fee. These contracts usually have clauses i.e. if after 6 months you havent found any oil you get out and let the next company try.





More than likely this is the case or the oil company can sue the *** of that country for breaking contract





Yes its a known fact that corruption is everywhere, especially with Govt officials %26amp; especially so, where oil is involved





FOOD FOR THOUGHT: Saudi Arabia has 25% of the worlds oil reserves - where would America or its Army be without oil - why did America really liberate Saudi Arabia from Iraq - why did America really hunt down Saddam HuseinWhen an oil company is kicked out of a country after investing billions in a project what is the end result?
With Saddam Hussein out of the way,





Does Iraq owe America a favor?


Will America be able to buy Iraq's oil now? Report Abuse

They won't be able to drill in the USA and won't get the Billions in tax break





The would have to pay to sell in the USA
%26gt;%26gt;%26gt; does this lead the oil companies to bribe officials, princes or politicians to keep their business in those countries?





In my opinion, this is possible - briberies and all. What is scary is....will the government take over and do some illegal or perhaps harmful stuff with the oil at the expense of others (us)?
Haven't seen it happening.
This has happened to companies before. Although it wasn't oil companies, it happened in Cuba. The government took over the companies and kicked them out of the country. Sure oil companies would probably pay a lot of bribes to try to prevent this.
an oil company never kicked from any arab states. see sadam hussain what americans did to him and see talibans as they didnt allow amerfican company to work there
The assets would be written off, resulting in a large loss. Bribery, even of foreign officials, is unlawful.
Coup d'etat
The only logical thing that can happen:


Recover their losses from other operations.


If this was their only venture.....then you


know the answer to that.