Local Content Policies in the Oil and Gas Sector

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 174 pages
Book Rating : 4./5 ( download)

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Book Synopsis Local Content Policies in the Oil and Gas Sector by : Silvana Tordo and Yahya Anouti

Download or read book Local Content Policies in the Oil and Gas Sector written by Silvana Tordo and Yahya Anouti and published by World Bank Publications. This book was released on 2013 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals. One important theme of such policies is the so-called local content created by the sector—the extent to which the output of the extractive industry sector generates further benefits to the economy beyond the direct contribution of its value-added, through its links to other sectors. This paper provides a detailed description of the policy context, objectives, implementation tools, and metrics used in a select group of petroleum-producing countries, including Angola, Brazil, Indonesia, Kazakhstan, Malaysia, and Trinidad and Tobago. The information is further analyzed in the paper on Local Content in the Oil and Gas Sector, World Bank Studies, Washington D.C., 2013.

Local Content and Sustainable Development in Global Energy Markets

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108495370
Total Pages : 451 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Local Content and Sustainable Development in Global Energy Markets by : Damilola S. Olawuyi

Download or read book Local Content and Sustainable Development in Global Energy Markets written by Damilola S. Olawuyi and published by Cambridge University Press. This book was released on 2021-03-04 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines critical links between local content requirements and the application of sustainable development treaties in global energy markets.

Local Content Oil and Gas Law in Africa

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Author :
Publisher : Routledge
ISBN 13 : 1351068067
Total Pages : 192 pages
Book Rating : 4.3/5 (51 download)

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Book Synopsis Local Content Oil and Gas Law in Africa by : Pereowei Subai

Download or read book Local Content Oil and Gas Law in Africa written by Pereowei Subai and published by Routledge. This book was released on 2019-01-10 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining local content law and policy in the oil and gas industry, this book uses Nigeria as a primary case study, comparing its approach to countries such as Brazil and Norway which have also adopted local content laws in relation to their gas and oil industries. In considering various aspects of local content law and policy as they apply to the oil and gas industry, the book examines the factors behind the formulation of local content policies by petroleum producing states, and the various strategies they have employed to implement them. It analyses arguments against local content requirements from the perspective of international trade and investment law, and from liberal market economic theorists, who argue against its overall usefulness. The book highlights salient aspects of the oil and gas industry such as regulation, national oil companies, treatment of minorities, and policy formulation and implementation.

Sovereign Wealth Funds, Local Content Policies and CSR

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Author :
Publisher : Springer Nature
ISBN 13 : 3030560929
Total Pages : 653 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Sovereign Wealth Funds, Local Content Policies and CSR by : Eduardo G. Pereira

Download or read book Sovereign Wealth Funds, Local Content Policies and CSR written by Eduardo G. Pereira and published by Springer Nature. This book was released on 2021-01-25 with total page 653 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores three particular strategies in the extractives sector for creating shared wealth, increased labour opportunities and positive social, environmental and economic outcomes from corporate projects, namely: state wealth funds (SWF), local content policies (LCP) and corporate social responsibility (CSR) practices. Collectively, the chapters explore the associated experiences and challenges in different parts of the world with the view to inform equitable and sustainable development for the communities living adjacent to extractives sites and the wider society and environment. Examples of LCPs, SWFs and CSR practices from 12 jurisdictions with diverse experiences offer usefull insights. The book illuminates challenges and opportunities for sustainable development outcomes of the extractives sector. It reflects the need to take on board the lessons of these global experiences in order to improve outcomes for poverty reduction, inequality reduction and sustainable development.

Local Content Requirements

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Author :
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881326801
Total Pages : 272 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Local Content Requirements by : Gary Clyde Hufbauer

Download or read book Local Content Requirements written by Gary Clyde Hufbauer and published by Peterson Institute for International Economics. This book was released on 2013-10-07 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the Great Recession of 2008–09, economists feared that protectionist policies might sweep the world economy, echoing the wave of tariff escalations during the Great Depression of the 1930s. To some surprise, officials were more restrained and largely avoided traditional forms of protection (tariffs and quotas), leading some observers to underestimate the incidence of new protectionism. In fact, policymakers increasingly turned to more opaque behind-the-border nontariff barriers (NTBs). Using a combination of statistical analysis and case studies, the authors show that local content requirements (LCRs), a form of NTB, have become increasingly popular. How much was global trade actually reduced on account of LCRs? A conservative estimate might be $93 billion. Case studies featured cover the healthcare sector in Brazil, wind turbines in Canada, the automobile industry in China, solar cells and modules in India, oil and gas in Nigeria, and “Buy American” restrictions on government procurement in the United States.

Local Content Policies in Resource-rich Countries

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Author :
Publisher : Springer
ISBN 13 : 1137447869
Total Pages : 246 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Local Content Policies in Resource-rich Countries by : Yelena Kalyuzhnova

Download or read book Local Content Policies in Resource-rich Countries written by Yelena Kalyuzhnova and published by Springer. This book was released on 2016-09-26 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the role of local content (LC) policy in the economic development of five resource-rich countries: Brazil, Kazakhstan, Norway, Russia and the UK. The authors situate LC policy within a framework of sustainability in the form of industrial diversification and innovation-led growth, and examine how effective LC policies are in facilitating sectoral and economy-wide catching up. Structured in five chapters, the book begins with an introduction and then presents an overview of LC definitions and situates LC policies within a framework of economic development. The third chapter compares specific examples of LC development and highlights variations in practice as well as learning across case countries. The fourth chapter focuses on macro-economic, micro-economic and institutional challenges conditioning LC development and the ability of LC policies to assist innovation-led growth. The authors conclude by examining what the future holds for LC policies and their role in promoting economic growth and addressing the wider social, political and economic challenges in resource-rich countries.

Industrial Policy and the World Trade Organization

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1107145082
Total Pages : 349 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Industrial Policy and the World Trade Organization by : Sherzod Shadikhodjaev

Download or read book Industrial Policy and the World Trade Organization written by Sherzod Shadikhodjaev and published by Cambridge University Press. This book was released on 2018-11-08 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: Highlights what national governments should know to properly conduct their industrial policies under the multilateral trading system.

Local Content Policies in the Oil and Gas Sector

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821399349
Total Pages : 197 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Local Content Policies in the Oil and Gas Sector by : Silvana Tordo

Download or read book Local Content Policies in the Oil and Gas Sector written by Silvana Tordo and published by World Bank Publications. This book was released on 2013-07-22 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals. One important theme of such policies is the so-called local content created by the sector—the extent to which the output of the extractive industry sector generates further benefits to the economy beyond the direct contribution of its value-added, through its links to other sectors. While local content policies have the potential to stimulate broad-based economic development, their application in petroleum-rich countries has achieved mixed results. This paper describes the policies and practices meant to foster the development of economic linkages from the petroleum sector, as adopted by a number of petroleum-producing countries both in and outside the Organisation for Economic Co-operation and Development. Examples of policy objectives, implementation tools, and reporting metrics are provided to derive lessons of wider applicability. The paper presents various conclusions for policy makers about the design of local content policies.

National Oil Companies and Value Creation

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821388312
Total Pages : 149 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis National Oil Companies and Value Creation by : Silvana Tordo

Download or read book National Oil Companies and Value Creation written by Silvana Tordo and published by World Bank Publications. This book was released on 2011-07-13 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: National Oil Companies (NOCs) directly or indirectly control the majority of oil and gas reserves. As such, they are of great consequence to their country's economy, to importing countries' energy security, and to the stability of oil and gas markets. The paper analyzes the available evidence on the objectives, governance and performance of 20 NOCs from both net importing and net exporting countries, and draws conclusions about the design of policies and measures that are more likely to lead to social value creation. NOCs differ from private companies on a number of very important variables, including the level of competition in the market in which they operate, their business profile along the sector value chain, and their degree of commercial orientation and internationalization. Most share some core characteristics: they are usually tied to the 'national purpose' and serve political and economic goals other than maximizing the firm's profits. This paper introduces a conceptual model to analyze value creation by NOCs that takes into consideration their complex objective function. Our analysis aims to answer the following questions: Are certain corporate governance arrangements more suited than others to promote value creation? Is good geology a pre-condition for NOC value creation? Are there benefits from exposing the NOC to competition from private oil companies? Does the development of forward and backward linkages hamper NOC value creation?

Energy Justice

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Publisher : Springer Nature
ISBN 13 : 3030613380
Total Pages : 244 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Energy Justice by : Rukonge Sospeter Muhongo

Download or read book Energy Justice written by Rukonge Sospeter Muhongo and published by Springer Nature. This book was released on 2020-11-02 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores local content policies and their role in natural resource management within the realm of energy justice. Based on several country case studies it discusses the role of regional integration for such policies in Sub-Saharan Africa. Energy justice has been widely applied across different aspects of development, but here the principles of justice are specifically integrated with the management and implementation of oil and gas projects. Such an analysis offers novel means of implementing policies in local regions, moving away from a one-size fits all approach that leads to the ineffective transplantation of policies from developed economies to developing Sub-Saharan economies. The book argues that with a regional approach, Sub-Saharan Africa can leverage natural resources, industrial parks, supplier clusters, regional financing mechanisms and regional training facilities which would drive down the costs of production, increase efficiency and integrate the local Sub-Saharan population into the oil and gas industry. This would result in the benefits as well as the environmental concerns and responsibilities intrinsic to these industries, being spread more equally amongst local and none local stakeholders. This book will be a valuable resource for scholars and students as well as policy makers and practitioners in the areas of extractive industry-related disciplines energy governance, and economic development in Africa.

Oil and Gas Production Handbook: An Introduction to Oil and Gas Production

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Author :
Publisher : Lulu.com
ISBN 13 : 1105538648
Total Pages : 84 pages
Book Rating : 4.1/5 (55 download)

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Book Synopsis Oil and Gas Production Handbook: An Introduction to Oil and Gas Production by : Havard Devold

Download or read book Oil and Gas Production Handbook: An Introduction to Oil and Gas Production written by Havard Devold and published by Lulu.com. This book was released on 2013 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Local Content Policies and Cameroon's Petroleum Industry

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Author :
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Local Content Policies and Cameroon's Petroleum Industry by : Enow Godwill Baiye

Download or read book Local Content Policies and Cameroon's Petroleum Industry written by Enow Godwill Baiye and published by . This book was released on 2020 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although oil exploration and production has been going on in Cameroon, one of the greatest challenges has been how Cameroon can maximise the potential benefits from oil to avoid the under-development path that hits other oil producing countries. This challenge sprout as a result of lack of specialised skills in the development of her oil industry. Thus, the promotion of LCPs in her oil industry is seen as an ideal means to enhance skills and technology transfer in the oil sector. It is in this light that this paper seeks principally to examine how LCPs have been effectively implemented within the Petroleum industry in Cameroon which will go a long way to enhance economic development. To achieve this principal objective, the paper aims specifically to examine the opportunities that the State and the local oil producing communities could derive from a viable LCP framework within the oil industry in Cameroon. The findings of this research reveals that in as much as there exist a regulatory frame work to promote the implementation of the local content policies in the oil industry, the lacunae of the Petroleum Code, weak monitoring committee, limited human resource capacity and insufficient capital has been the major drawbacks for the ineffective implementation of the local content policies in the oil industry in Cameroon. It is in this respect that this paper strongly advocates for the government to define the quantitative, qualitative, reliable and verifiable indicators of local content, outlining a detailed schedule of the implementation of the local content requirements, formulating sanctions via a gradual regime of sanctions for non-compliance with local content obligations, strengthening the capacities of the national workforce as well as suppliers and other national service providers on jobs related to oil exploitation, involving both the local and indigenous communities in the definition and formulation of the objectives of the local content , creating a commission to monitor and evaluate the execution of the fiscal obligations and local content and reinforcing technical education to curb with technology transfer as a means to address the ineffective implementation of the local content policies in the oil sector of Cameroon.

From Oil to Gas and Beyond

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Author :
Publisher : University Press of America
ISBN 13 : 076186329X
Total Pages : 497 pages
Book Rating : 4.7/5 (618 download)

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Book Synopsis From Oil to Gas and Beyond by : Trevor M. Boopsingh

Download or read book From Oil to Gas and Beyond written by Trevor M. Boopsingh and published by University Press of America. This book was released on 2014-08-01 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Oil to Gas and Beyond chronicles the history of the petroleum industry in Trinidad and Tobago and appraises major policy decisions impacting its economy. The book details the macroeconomic, commercial, and technical challenges faced by Trinidad and Tobago in the monetization of its oil and gas resources over the past one hundred years. The contributors cover several topics including local content, national participation, sustainability, communication, leadership, energy diplomacy, environmental law and macroeconomic policy.

Local Content and Procurement Requirements in Oil and Gas Contracts

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Author :
Publisher :
ISBN 13 : 9781784670955
Total Pages : 27 pages
Book Rating : 4.6/5 (79 download)

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Book Synopsis Local Content and Procurement Requirements in Oil and Gas Contracts by : Damilola Sunday Olawuyi

Download or read book Local Content and Procurement Requirements in Oil and Gas Contracts written by Damilola Sunday Olawuyi and published by . This book was released on 2017 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how local content and procurement requirements have evolved in the MENA region. It provides a comparative analysis and profile of LCRs in MENA countries, in order to determine prevailing preferences and legal risk points. It concludes with recommendations on how investors and national authorities can evolve collaborative and achievable LCRs that minimise disputes and legal risks.

Oil Wealth and Development in Uganda and Beyond

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Publisher : Leuven University Press
ISBN 13 : 9462702004
Total Pages : 396 pages
Book Rating : 4.4/5 (627 download)

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Book Synopsis Oil Wealth and Development in Uganda and Beyond by : Arnim Langer

Download or read book Oil Wealth and Development in Uganda and Beyond written by Arnim Langer and published by Leuven University Press. This book was released on 2020-01-07 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other African countries with large oil and/or gas endowments. With oil expected to start flowing in 2021, the current book analyses how this East African country is preparing for the challenge of effectively, efficiently, and transparently managing its oil sector and resources. Adopting a multidisciplinary, comprehensive, and comparative approach, the book identifies a broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for national economic transformation. Predominantly grounded in local scholarship and including chapters drawing on the experiences of Nigeria, Ghana, and Kenya, the book blazes a trail on governance of African oil in an era of emerging producers. Oil Wealth and Development in Uganda and Beyond will be of great interest to social scientists and economic and social policy makers in oil-producing countries. It is suitable for course adoption across such disciplines as International/Global Affairs, Political Economy, Geography, Environmental Studies, Economics, Energy Studies, Development, Politics, Peace, Security and African Studies. Contributors: Badru Bukenya (Makerere University), Moses Isabirye (Busitema University), Wilson Bahati Kazi (Uganda Revenue Authority), Corti Paul Lakuma (Economic Policy Research Centre), Joseph Mawejje (Economic Policy Research Centre), Pamela Mbabazi (Uganda National Planning Authority), Martin Muhangi (independent researcher), Roberts Muriisa (Mbarara University of Science and Technology), Chris Byaruhanga Musiime (independent researcher), Germano Mwabu (University of Nairobi), Jackson A. Mwakali (Makerere University), Tom Owang (Mbarara University of Science and Technology), Joseph Oloka-Onyango (Makerere University), Peter Quartey (University of Ghana), Peter Wandera (Transparency International Uganda), Kathleen Brophy (Transparency International Uganda), Jaqueline Nakaiza (independent researcher), Babra Beyeza (independent researcher), Jackson Byaruhanga (Bank of Uganda), Emmanuel Abbey (University of Ghana).

A comparative analysis of the economic impact of the implementation of local content policies in Oil and Gas producing countries. Ghana and Norway

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3346136027
Total Pages : 58 pages
Book Rating : 4.3/5 (461 download)

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Book Synopsis A comparative analysis of the economic impact of the implementation of local content policies in Oil and Gas producing countries. Ghana and Norway by : David Onditi

Download or read book A comparative analysis of the economic impact of the implementation of local content policies in Oil and Gas producing countries. Ghana and Norway written by David Onditi and published by GRIN Verlag. This book was released on 2020-03-24 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: A, University of Bedfordshire, language: English, abstract: Most petroleum-producing countries have enacted local legislation and content to regulate international Oil and Gas companies. However, there is a dearth of literature focusing on local content policies. Due to the gap in the literature, the research focused on exploring the contents and the impacts of the LCP implementation in Norway and Ghana. These two petro-states have been chosen because they emphasis the contrast between a developing country which initially did not have the means to develop a regulatory framework for local content (Ghana) and a developed country which did (Norway). The aim of the study was to determine the economic impact of the implementation of local content policies in Oil and Gas producing countries, using Ghana and Norway as examples. There are a number of major conclusions from the research. First, very high minimum targets for local employment can lead to the creation of skill gaps in some areas while only achieving increases in some job categories; mostly the semi-skilled and the unskilled positions. Secondly, considering the unemployment, there appears to be no relationship between the unemployment percentage and the quality of the local content policies. Third, where National Oil Company takes the lead in the fostering of local content policies, better results are achieved in terms of skills transfer, increased local sourcing and better training programs. Moreover, mandatory cooperation through JVs and partnerships leads to greater technology spill over from the foreign companies to the local companies. Coupled with the above, higher government spending by there would be an increase in the local supply of both non-specialised and specialised products to the oil and gas industry. Finally, the successful LCPs require the provision of fiscal incentives to the local firms, as well as empowering the national oil company to foster technical skills transfer and fostering training. Moreover, some contextual situations such as political stability, HDI in terms of the educational attainment and R&D spending were linked to better outcomes of the LCPs. Based on the findings and the analysis from the research, it is recommended that policy makers and legislators in countries that want to develop local content policies should focus on coordination and getting input from the oil and gas operators, provision of incentives to the local businesses

A Survey of the Literature on Local Content Policies in the Oil and Gas Industry in East Africa

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Author :
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis A Survey of the Literature on Local Content Policies in the Oil and Gas Industry in East Africa by :

Download or read book A Survey of the Literature on Local Content Policies in the Oil and Gas Industry in East Africa written by and published by . This book was released on 2016 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: