This important new work surveys emerging trends in international oil and gas investment and examines crucial issues affecting the formulation and implementation of oil and gas policies world-wide, drawing on expertise from practitioners, academia and industry. The book is timely and topical in that it gives considerable attention to current developments in the relationship between the international petroleum industry and the oil and gas sector in the Commonwealth of Independent States, Russia and Central and Eastern Europe. Its coverage extends to developments in Africa, Asia and Latin America, dealing with environmental issues and the evolution of investment conditions.