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Published in:
2013 | OriginalPaper | Chapter
Concluding Remarks
Author : Ekpen James Omonbude
Published in: Cross-border Oil and Gas Pipelines and the Role of the Transit Country: Economics, Challenges, and Solutions
Publisher: Palgrave Macmillan UK
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The findings from this book suggest that while, at the time of signing the initial agreement, the parties must have found its terms to possess the characteristics of reasonableness, objectiveness, transparency, and non-discrimination, their post-construction behaviour shows that such characteristics are not enduring. Evidence from the case studies shows endogenous mutual dependency conditions to be prevalent in the pipeline projects. It becomes necessary to widen the scope of the definition of mutual dependency, as this enables the identification of exogenous conditions, which will inevitably encompass issues pertaining to politics and international relations. These, in combination with the endogenous conditions, provide a comprehensive mutual dependency bargaining framework that will serve as a deterrent to arbitrary rent-seeking by the transit country.