Challenges In Balancing Government And Investor Interests Under A Production Sharing Agreement

Author : Nzila Masunga Masunga
Publisher : GRIN Verlag
Page : 66 pages
File Size : 46,8 Mb
Release : 2017-07-14
Category : Business & Economics
ISBN : 9783668484023

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Challenges in Balancing Government and Investor Interests Under a Production Sharing Agreement by Nzila Masunga Masunga Pdf

Seminar paper from the year 2014 in the subject Business economics - Law, , language: English, abstract: This paper argues that, although the government is fully confident that there has been enough exploration success to justify higher government take and increase other socio-economic benefits under the new terms, there remain challenges towards encouraging foreign investment in petroleum exploration and development activities in the country. A critical aspect of an oil and gas exploration and production agreement is balancing the interests of the state and investors. The broad objective of any resource rich government is to insure that it maximizes as much revenues as possible from its natural resource and insuring that there is always an appropriate level of investment in exploration and development activities in the country. The investors on the other hand are interested to maximize as much profit as possible by minimizing the costs, quick recovery of these costs and working with stable governments. In order to ensure a sustainable development of exploration and development activities in the country these varying state and investor’s interest has to be balanced.

Author : Tengku Nathan Machmud
Publisher : Springer
Page : 276 pages
File Size : 40,8 Mb
Release : 2000-07-12
Category : Business & Economics
ISBN : UCSD:31822029744372

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The Indonesian Production Sharing Contract:An Investor's Perspective by Tengku Nathan Machmud Pdf

The model contract for oil and gas development known as the Production Sharing Contract (PSC) originated in Indonesia in 1966 and enjoyed over a decade of successful implementation, with minor adjustments, in several oil-producing countries. In more recent years, however, numerous problems have arisen as changes in economic realities have driven the level of private investment down. This penetrating study, the only one of its kind, uses legal analysis as well as historical data to pinpoint the reasons for the initial success of the PSC and for its subsequent and persistent frustrations for investors. The author first examines the original Indonesian contract, along with the variants adopted in Malaysia and the People's Republic of China, and then proceeds to an in-depth analysis of the main clauses and their amendments and execution in all three countries. Taking into account various commissioned surveys and emerging policies and strategies espoused by both governments and industry representatives, he concludes with a detailed proposal for an overhauled contract that allows for meaningful adjustments, or even renegotiation, when the balance of interests between parties changes substantially. Focusing as it does on some central issues in global economic development, The Indonesian Production Sharing Contract will be of great value to lawyers, multinational corporate executives, and policymakers far beyond the Asia-Pacific region.

Author : Kirsten Bindemann
Publisher : Unknown
Page : 93 pages
File Size : 45,7 Mb
Release : 1999
Category : Oil and gas leases
ISBN : 1901795152

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Production-sharing Agreements by Kirsten Bindemann Pdf

Author : Lorenzo Cotula
Publisher : IIED
Page : 115 pages
File Size : 45,5 Mb
Release : 2010
Category : Conservation of natural resources
ISBN : 9781843697657

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Investment Contracts and Sustainable Development by Lorenzo Cotula Pdf

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 82 pages
File Size : 54,6 Mb
Release : 2012-08-16
Category : Business & Economics
ISBN : 9781498340069

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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 : Silvana Tordo
Publisher : World Bank Publications
Page : 86 pages
File Size : 48,7 Mb
Release : 2007-01-01
Category : Technology & Engineering
ISBN : 9780821372678

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Fiscal Systems for Hydrocarbons by Silvana Tordo Pdf

Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flexible, nuetral fiscal regimes. This paper examines the key elements of the legal and fiscal frameworks utilized in the petroleum sector and aims to outline desirable features that should be considered in the design of fiscal policy with the objective of optimizing the host government's benefits, taking into account the effect this would have on the private sector's investment.

Author : Silvana Tordo,David Johnston,Daniel Johnston
Publisher : World Bank Publications
Page : 128 pages
File Size : 44,7 Mb
Release : 2010
Category : Petroleum
ISBN : MINN:31951D031364662

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Petroleum Exploration and Production Rights by Silvana Tordo,David Johnston,Daniel Johnston Pdf

The paper aims to provide practical information to policy makers on the advantages and disadvantages of various practices used by petroleum producing countries to allocate exploration, development, and production rights.

Author : Mr.Eduardo Valdivia-Velarde,Ms.Tamara Razin
Publisher : International Monetary Fund
Page : 634 pages
File Size : 51,8 Mb
Release : 2014-12-08
Category : Business & Economics
ISBN : 9781484312759

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Balance of Payments Manual, Sixth Edition Compilation Guide by Mr.Eduardo Valdivia-Velarde,Ms.Tamara Razin Pdf

The Balance of Payments and International Investment Position Manual 6: Compilation Guide is a companion document to the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6). The purpose of the Guide is to show how the conceptual framework described in the BPM6 may be implemented in practice and to provide practical advice on source data and methodologies for compiling statistics on the balance of payments and the international investment position. The Guide is not intended to be a stand-alone manual, and readers should be familiar with the BPM6.

Author : Howard Whitton
Publisher : Org. for Economic Cooperation & Development
Page : 120 pages
File Size : 42,7 Mb
Release : 2005
Category : Business & Economics
ISBN : UOM:39015062439727

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Managing Conflict of Interest in the Public Sector by Howard Whitton Pdf

Conflicts of interest in both the public and private sectors have become a major matter of public concern world-wide. The OECD Guidelines define a conflict of interest as occurring when a public official has private-capacity interests which could improperly influence the performance of their official duties and responsibilities. However, identifying a specific conflict of interest in practice can be difficult. And resolving the conflicting interests appropriately in a particular case is something that most people find even more challenging. The Toolkit focuses on specific techniques, resources and strategies for: Identifying, managing and preventing conflict-of-interest situations more effectively; and Increasing integrity in official decision-making, which might be compromised by a conflict of interest. This Toolkit provides non-technical, practical help to enable officials to recognise problematic situations and help them to ensure that integrity and reputation are not compromised. The tools themselves are provided in generic form. They are based on examples of sound conflict-of-interest policy and practice drawn from various OECD member and non-member countries. They have been designed for adaptation to suit countries with different legal and administrative systems. FURTHER READING: Managing Conflict of Interest in the Public Service: OECD Guidelines and Country Experiences

Author : Alexander Huurdeman,Anastasiya Rozhkova
Publisher : World Bank Publications
Page : 296 pages
File Size : 49,7 Mb
Release : 2019-05-16
Category : Business & Economics
ISBN : 9781464813856

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Balancing Petroleum Policy by Alexander Huurdeman,Anastasiya Rozhkova Pdf

Petroleum discovery in a country presents its policy makers with a challenging and complex task: formulating and agreeing on policies that will shape the country’s petroleum sector and guide the translation of the newly discovered resources into equitable and sustainable economic and social growth for the nation over the long term. Balancing Petroleum Policy provides policy makers and other stakeholders with the basic sector-related knowledge they need to embark on this task. It introduces a number of topics: the petroleum value chain and pivotal factors affecting value creation, a consultative process for developing a nation’s common vision on key petroleum development objectives, design of a legislative and contractual framework, petroleum fiscal regimes and their administration, prudent fiscal management, transparency and governance, environmental and social safeguards, and economic diversification through industrial linkages. Although much of the material is relevant to designing policies for the development of the petroleum sector in general, the book gives special focus to developing countries, countries in a federal or devolved setting, and countries that have experienced or are still experiencing civil conflict. With this focus in mind, the book examines three questions—ownership, management, and revenue sharing of petroleum resources—that are central to petroleum policy in any federal or devolved state. It also offers important perspectives on how to prevent violent conflicts related to such resources. Petroleum policies tend to vary significantly from country to country, as do the objectives that such policies aim to achieve in the specific context of each particular country. Although there is no one-size-fits-all policy and there are no clear-cut answers to the many potential policy dilemmas associated with the discovery of petroleum resources, this publication may help policy makers find the right balance among the chosen objectives—and the right policy choices to achieve these objectives.

Author : OECD
Publisher : OECD Publishing
Page : 135 pages
File Size : 49,8 Mb
Release : 2019-11-26
Category : Electronic
ISBN : 9789264660656

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Enhancing Access to and Sharing of Data Reconciling Risks and Benefits for Data Re-use across Societies by OECD Pdf

This report examines the opportunities of enhancing access to and sharing of data (EASD) in the context of the growing importance of artificial intelligence and the Internet of Things. It discusses how EASD can maximise the social and economic value of data re-use and how the related risks and challenges can be addressed. It highlights the trade-offs, complementarities and possible unintended consequences of policy action – and inaction. It also provides examples of EASD approaches and policy initiatives in OECD countries and partner economies.

Author : Institute of Medicine,Committee on Implications of For-Profit Enterprise in Health Care
Publisher : National Academies Press
Page : 580 pages
File Size : 48,5 Mb
Release : 1986-01-01
Category : Medical
ISBN : 9780309036436

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For-Profit Enterprise in Health Care by Institute of Medicine,Committee on Implications of For-Profit Enterprise in Health Care Pdf

"[This book is] the most authoritative assessment of the advantages and disadvantages of recent trends toward the commercialization of health care," says Robert Pear of The New York Times. This major study by the Institute of Medicine examines virtually all aspects of for-profit health care in the United States, including the quality and availability of health care, the cost of medical care, access to financial capital, implications for education and research, and the fiduciary role of the physician. In addition to the report, the book contains 15 papers by experts in the field of for-profit health care covering a broad range of topicsâ€"from trends in the growth of major investor-owned hospital companies to the ethical issues in for-profit health care. "The report makes a lasting contribution to the health policy literature." â€"Journal of Health Politics, Policy and Law.

Author : Fola Adeleke
Publisher : Routledge
Page : 211 pages
File Size : 50,6 Mb
Release : 2017-09-08
Category : Business & Economics
ISBN : 9781351998819

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International Investment Law and Policy in Africa by Fola Adeleke Pdf

This book studies the international investment law regime in Africa and provides a comprehensive analysis of the current treaty practices in Africa from global, regional and domestic perspectives. It develops a public interest regulation theory to highlight the role of investment regulation in sustainable development and the protection of human rights. In doing so, the book identifies seven factors that should be considered by arbitrators in resolving international investment disputes that affect the public interest. It considers how corporations can be held accountable through investment treaties in the absence of a global treaty on business and human rights while protecting the rights of investors and their investments. Furthermore, the book explores the current objectives and features of investor-state dispute settlement (ISDS) as well as the deficiencies and its intersection with the rule of law. It identifies alternatives for ISDS and the extent to which these alternatives address the objectives of attracting investment, depoliticise investment disputes, promote the rule of law and offer remedies to investors. These solutions are offered in relation to the protection of human rights, the promotion of sustainable development and the right of states to introduce domestic public interest regulation. Finally, the book takes a prospective stance and discusses future trends for dispute settlement and investment rulemaking in Africa.

Author : Anonim
Publisher : Unknown
Page : 204 pages
File Size : 42,7 Mb
Release : 2011
Category : Mineral industries
ISBN : MSU:31293032185963

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Minerals Yearbook by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 48 pages
File Size : 41,9 Mb
Release : 1981
Category : Commerce
ISBN : MINN:30000010438780

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Overseas Business Reports by Anonim Pdf