Z. El Chiati, A. Keywords: Oil | Concessions | Foreign direct investment | Protection | Mots clefs: Pétrole et produits pétroliers | Concessions | Investissement | Protection | ABSTRACT A.Z. El Chiati, Legal Counsel at Amoco Corporation, in London, has set the objective to his course to examine the guarantees offered by governments of developing countries in Africa and Middle East to encourage exploration and exploitation of petroleum in their countries. In most cases, the State agrees to include protective clauses in their…