A Comparative Analysis Of The Economic Impact Of The Implementation Of Local Content Policies In Oil And Gas Producing Countries Ghana And Norway

Author : David Onditi
Publisher : GRIN Verlag
Page : 58 pages
File Size : 45,7 Mb
Release : 2020-03-24
Category : Business & Economics
ISBN : 9783346136022

Get Book

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 Pdf

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

Author : Silvana Tordo,Michael Warner,Osmel Manzano,Yahya Anouti
Publisher : World Bank Publications
Page : 197 pages
File Size : 55,8 Mb
Release : 2013-07-22
Category : Business & Economics
ISBN : 9780821399347

Get Book

Local Content Policies in the Oil and Gas Sector by Silvana Tordo,Michael Warner,Osmel Manzano,Yahya Anouti Pdf

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.

Author : Damilola S. Olawuyi
Publisher : Cambridge University Press
Page : 451 pages
File Size : 47,8 Mb
Release : 2021-03-04
Category : Business & Economics
ISBN : 9781108495370

Get Book

Local Content and Sustainable Development in Global Energy Markets by Damilola S. Olawuyi Pdf

Examines critical links between local content requirements and the application of sustainable development treaties in global energy markets.

Author : Peter D. Cameron,Michael C. Stanley
Publisher : World Bank Publications
Page : 377 pages
File Size : 55,8 Mb
Release : 2017-06-01
Category : Business & Economics
ISBN : 9780821399613

Get Book

Oil, Gas, and Mining by Peter D. Cameron,Michael C. Stanley Pdf

Oil, Gas, and Mining: A Sourcebook for Understanding the Extractive Industries provides developing countries with a technical understanding and practical options around oil, gas, and mining sector development issues. A central premise of the Sourcebook is that good technical knowledge can better inform political, economic, and social choices with respect to sector development and the related risks and opportunities. The guidance provided by the Sourcebook assumes a broad set of overarching principles, all centered on good governance and directed at achieving positive and broadly based sustainable development outcomes. This Sourcebook is rich in presenting options to challenges, on the understanding that contexts and needs vary, and that there is much to be gained from appreciating the lessons learned from a broad set of experiences.

Author : Håvard Halland,Martin Lokanc,Arvind Nair,Sridar Padmanabhan Kannan
Publisher : World Bank Publications
Page : 162 pages
File Size : 42,8 Mb
Release : 2016-03-03
Category : Business & Economics
ISBN : 9781464806070

Get Book

Le secteur des industries extractives by Håvard Halland,Martin Lokanc,Arvind Nair,Sridar Padmanabhan Kannan Pdf

Le secteur des industries extractives (IE) occupe une place démesurée dans les économies de nombreux pays en développement. Les économistes et les spécialistes des finances publiques qui y travaillent sont fréquemment confrontés à des problèmes qui requièrent une connaissance approfondie du secteur, de son économie, de sa gouvernance, de ses enjeux stratégiques, et une idée précise de ce que la richesse en ressources naturelles suppose en termes de gestion du budget et des finances publiques. L’ouvrage en trois volumes Points essentiels à l’intention des économistes et des spécialistes des finances publiques, publié dans la série des Études de la Banque mondiale, a pour objet de donner un bref aperçu des problèmes associés aux IE que ces spécialistes sont susceptibles de rencontrer. Ce premier volume, Le secteur des industries extractives, dresse une synthèse des aspects fondamentaux de l’économie des IE, analyse les principales composantes des cadres stratégiques, institutionnels et de gouvernance du secteur, et définit les obligations de financement du secteur public dans ce domaine. Son analyse des aspects économiques des IE couvre l’évaluation des gisements de sous-sol, l’interprétation économique donnée au minerai, et la structure des marchés de l’énergie et des produits minéraux. Il définit les responsabilités des entités publiques compétentes, et présente les caractéristiques des cadres juridique et réglementaire du secteur. Il analyse brièvement ses fonctions essentielles et particulières, ainsi que les structures financières qui soutiennent les mesures de sauvegarde environnementale et sociale, l’investissement des recettes publiques provenant de l’exploitation des ressources pétrolières, gazières ou minières, et la diversification économique à partir des industries extractives. Les auteurs espèrent que les économistes et les spécialistes des finances publiques qui travaillent dans les pays riches en ressources naturelles †“ y compris les décideurs au sein des ministères des finances, des organisations internationales, et autres entités compétentes — jugeront cet ouvrage utile à leur compréhension et à leur analyse du secteur des IE.

Author : Silvana Tordo
Publisher : World Bank Publications
Page : 149 pages
File Size : 53,9 Mb
Release : 2011-07-13
Category : Business & Economics
ISBN : 9780821388310

Get Book

National Oil Companies and Value Creation by Silvana Tordo Pdf

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?

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 82 pages
File Size : 52,5 Mb
Release : 2012-08-16
Category : Business & Economics
ISBN : 9781498340069

Get Book

Fiscal Regimes for Extractive Industries—Design and Implementation by International Monetary Fund. Fiscal Affairs Dept. Pdf

Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación

Author : National Intelligence Council
Publisher : Cosimo Reports
Page : 158 pages
File Size : 53,7 Mb
Release : 2021-03
Category : Electronic
ISBN : 1646794974

Get Book

Global Trends 2040 by National Intelligence Council Pdf

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Author : Michael L. Ross
Publisher : Princeton University Press
Page : 314 pages
File Size : 48,8 Mb
Release : 2013-09-08
Category : Political Science
ISBN : 9780691159638

Get Book

The Oil Curse by Michael L. Ross Pdf

Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.

Author : The African Development Bank
Publisher : OUP Oxford
Page : 270 pages
File Size : 51,7 Mb
Release : 2009-08-27
Category : Business & Economics
ISBN : 9780199565788

Get Book

Oil and Gas in Africa by The African Development Bank Pdf

The book, a joint work of the African Development Bank and the African Union, presents a comprehensive analysis of the oil and gas resources in Africa. It uniquely highlights, through country examples, and with an African focus but a global perspective, the specific challenges and constraints facing the continent as a whole in the exploitation and utilization of its oil and gas resources. It partly draws on a model that simulates the impact of high oil prices on African economies, amodel that was developed by the Research Department of the Bank in a separate study. The roles of AfDB and AU are analyzed, considering their differing, but complementary, mandates geared towards the development of the continent. Finally, the book includes recommendations on the future directionsand actions for maximizing benefits of Africa's oil and gas resources.

Author : Sherzod Shadikhodjaev
Publisher : Cambridge University Press
Page : 349 pages
File Size : 55,5 Mb
Release : 2018-11-08
Category : Business & Economics
ISBN : 9781107145085

Get Book

Industrial Policy and the World Trade Organization by Sherzod Shadikhodjaev Pdf

Highlights what national governments should know to properly conduct their industrial policies under the multilateral trading system.

Author : Ben Shepherd
Publisher : Chatham House (Formerly Riia)
Page : 0 pages
File Size : 49,8 Mb
Release : 2015-07-28
Category : Government spending policy
ISBN : 1862032807

Get Book

Oil in Uganda by Ben Shepherd Pdf

The 'resource curse' is not inevitable. Uganda has time on its side but it must not waste it. The debate on oil must move beyond the politics of the present and look to the long term. Oil will be central to Uganda for decades to come. It is incumbent on today's leaders in government, opposition and civil society alike to work together to ensure a bright future for generations to come. Lessons can be learned from those countries that have successfully managed natural resources, as well as those that have suffered from their mismanagement. Transparency matters if Uganda's social cohesion is going to be maintained. A well-informed national conversation on how to balance spending with saving is vital to the health of the agricultural sector and key to a positive future. The need to protect technical advice from political influence is vital across all governments. And a population that understands how revenues are being spent is more likely to work with government rather than against it, building a positive feedback mechanism between people and the state that can act as a bulwark against future abuses.

Author : Michael G. Plummer,David Cheong,Shintaro Hamanaka
Publisher : Asian Development Bank
Page : 194 pages
File Size : 48,5 Mb
Release : 2011-02-01
Category : Political Science
ISBN : 9789290921974

Get Book

Methodology for Impact Assessment of Free Trade Agreements by Michael G. Plummer,David Cheong,Shintaro Hamanaka Pdf

This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.

Author : Kirsten Bindemann
Publisher : Unknown
Page : 93 pages
File Size : 45,5 Mb
Release : 1999
Category : Oil and gas leases
ISBN : 1901795152

Get Book

Production-sharing Agreements by Kirsten Bindemann Pdf

Author : Mr. Kangni R Kpodar,Boya Liu
Publisher : International Monetary Fund
Page : 34 pages
File Size : 43,7 Mb
Release : 2021-11-12
Category : Business & Economics
ISBN : 9781616356156

Get Book

The Distributional Implications of the Impact of Fuel Price Increases on Inflation by Mr. Kangni R Kpodar,Boya Liu Pdf

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.