Host government: The government (including any government - controlled
firm engaged in the production, refining, or
marketing of
crude oil or petroleum products) of the foreign country in which the
crude oil is produced.
But while Saudi Arabia — the world's second largest
oil producer — continues pumping out
oil to protect its
market share in the face of swelling US
crude output, what is the impact of reduced spending in the region for the legal
market and how are local law
firms faring compared to their international counterparts?