Many oil service sector businesses are grappling with the twin crises of Covid-19 and Low Oil Prices. Canadian companies are now looking to international markets to diversify and expand revenue; for survival, profitability as well as better equity/exit valuations.
But international expansion is not easy and relies on much more than generalized trade reports. There are many commercial, legal and tax issues to consider.
CITO Energy Group has published a free Going International guide (available here: https://www.citoenergy.law/international-energy-projects/) covering the water front of new country risks for upstream, midstream and petroleum service countries.
The Guide includes pragmatic tips for identifying and mitigating pitfalls, such as credit risk, sanctions, tax issues and joint venture alignment. Check it out!
About CITO Energy Group
Cito is the Latin word for Swift.
We are unlike any firm in Canada. We provide a unique combination of legal (accredited for Alberta and England), commercial and technical services to support those projects. We speak 8 languages and have worked in over 100 countries.
We have lived in places like Algeria, Kazakhstan, Egypt, Peru, Russia, Norway and Kuwait - experience that cannot be replicated with a textbook, degree or vacation.
CITO has an adaptive cost model that can save clients 50% on their legal and commercial bills - a key to aligning with our clients' success.
To view the Going International Guide please click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.