### Legal arrangements and contractual relationships

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Question: The following question concerns petroleum economics and taxation regimes, legal arrangements and contractual relationships.

a. Make a recommendation to the Oil Minister of a country which has an emerging oil & gas industry as to whether the country should adopt a Concession or PSA regime to govern the industry and explain why you have come to this conclusion.

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The work is in 1000 words in APA format in MS word focusing on the PSA which is more important for the taxation regimes, legal arrangements and contractual relationships. The Oil Minister of a country which has an emerging oil & gas industry as to whether the country should adopt a Concession or PSA regime to govern the industry. This is because there have been changing revolution of PSA in the country UK and it has to be worked accordingly. A proper recommendation and the conclusion to such an approach has been explained in the work.

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