In the immediate aftermath of the Second World War many resource rich nations attained their independence. Not only were these nations seeking political independence, they also wanted economic independence. Included within this abstraction was the ability to exploit their natural resources for the purposes of economic development. To attain this, goal resource rich nations would have to assert themselves on issues such as the control of their natural resources. Indeed, they would also need to reconsider the concession agreements formalised prior to their independence, a plethora of which were perceived as “inequitable and onerous”.