碩士 / 中原大學 / 財經法律研究所 / 103 / Since the beginning of the exploitation of oil in the 19th century, along with the growing development of the petrochemical industry, oil has become a key natural resource and even a strategic economic weapon. The majority of oil reserves in the world are located in the Middle East, followed by Latin America, with Asia ranked last. Although Taiwan is rich in natural beauty, resources such as oil and other fossil fuels are scarce. Due to growing concerns over securing energy against future needs, there is a major goal among oil-importing countries to control sufficient self-owned oil resources abroad as well as diverse sources for import.
CPC Corporation, Taiwan is a state-owned enterprise, and it is the main overseas oil exploration company in Taiwan. Overseas exploration activities are greater investments with higher risk and longer payback periods, but may produce huge profit. It is important to increase Taiwan’s independence in oil and gas resources to reduce the impact of high oil prices on the national economy and people's livelihoods. The author of this paper opens by introducing the status of the oil industry in Taiwan, and subsequently discusses the necessity of the state-owned enterprise’s overseas exploration, including their experiences with legal disputes and difficulties encountered in Libya. The oil history in Venezuela will be explored next , focusing on the case of the Venezuelan Petroleum Investment Dispute. Last, This thesis will outline both the nationalization in Venezuela, and the risks posed by governmental property seizures in international business.
Foreign investors often use the ICC (International Chamber of Commerce) and the ICSID (International Centre for Settlement of Investment Disputes) as dispute settlement mechanisms; however, there are many issues in the arbitration process. By analyzing dispute settlement mechanisms and referring to the cases involving nationalization, this thesis aims to provide CPC with useful tools for the purpose of protecting its interest in this vulnerable situation in the future.
| Identifer | oai:union.ndltd.org:TW/103CYCU5308019 |
| Date | January 2015 |
| Creators | Jin-Hui Chen, 陳瑾慧 |
| Contributors | Cheng-Hwa Kwang, 鄺承華 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 127 |
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