ABSTRACT

Developable energy potential throughout the world is a key determinant in national economic strength. Energy resource development is vital to the continued economic growth of all countries as the close interrelationship between gross national product growth and energy demand demonstrates. Throughout the world we are in the throes of unprecedented economic difficulties arising to some considerable extent from massive energy supply disruptions and price increases. Major international energy projects will indeed be complex undertakings of unparalleled dimensions: macro-projects in every sense. Such financial packages are becoming the rule for energy-related macro-projects in developing countries. In such major projects, technology and equipment come from various sources and many factors are involved in the selection process, transcending the usual technical and economic considerations. The development of large projects, especially energy-related ones, involves political, social, and similar impacts transcending the project itself.