The Importance of Private Governance in the Energy Sector

Great Britain had actually created a national oil company in 1975. Just a few years after Thatcher took her place in 1979 she let go British National Company and then British Petroleum within intent of creating a sort of private or commercial governance of North Seoel. She was able to present the governance of North which basically zeroed royalties with very low taxation with very favorable investments for private business as a model that should be applied elsewhere in the world.