The natural resources of a country are the material basis for its national existence. It is therefore not surprising that a cardinal principle of international economic law which constitutes its basics as a branch of international law is the principle of SOVEREIGNTY of states over their wealth and natural resources. This principle has significantly extended its operations not only to the natural resources of the country, but also, all its wealth and economic activities. It includes the right of states to feel decolonization and the reestablishment of an effective country over their natural resources and the economic activities of the country. The full compensation for the utilization and duplication and other resources caused by colonialists.
One of the important rights of states, deriving from the principle of permanent sovereignty of state over resources as an integral part of state sovereignty. It is an inherent and inalienable rights sovereignty in terms of international law is supreme internationally and interdependent externally. A state has exclusive jurisdiction over all persons and matters on its territory with only a few exceptional cases permitted by international law. And any given country is on an equal footing with other countries. It is therefore only logical that the state has absolute rights of control over its natural resources. State sovereignty is however an integral concept which includes;
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