Managing Political Risk in the Oil and Gas Sector

The oil and gas industry faces many political challenges and risks politically at all levels of the business. Understanding how to strategically manage these risks can make a huge difference in the profitability and success of the business. Undertaking this course in managing political risks will give you a better understanding and the required skills to assess and effectively manage the existing and emerging political risks in the oil and gas sector. You will learn how to develop tactics, plans, and strategies to correctly manage political risks and create a win-win solution for the problem.

Some of the things you will learn in this course include collaborating with other major stakeholders to manage political risks, assessing strategies and tools, using predictive scenarios to anticipate and manage political risks, sources and causes of political risks, successfully managing political risks using strategies and tactics, and the role of different stakeholders in political risks.

What are the existing oil and gas sector political risks?

It is the existence of chances that an organization in the oil and gas trade can easily be nationalized or expropriated or unilaterally, or multilaterally changed by another government to the utter detriment of the organization. Insurance policies against expropriation in any foreign organization protect them against “creeping expropriation”. Some of the categorizations of the political risks are; domestic political issues, international business practices, current political crises, and international political issues.