Local Content Policies In The Oil And Gas Sector

Author : Silvana Tordo,Michael Warner,Osmel Manzano,Yahya Anouti
Publisher : World Bank Publications
Page : 197 pages
File Size : 41,8 Mb
Release : 2013-07-22
Category : Business & Economics
ISBN : 9780821399347

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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 : Silvana Tordo,Michael Warner,Osmel Manzano,Yahya Anouti
Publisher : World Bank Publications
Page : 198 pages
File Size : 49,7 Mb
Release : 2013-07-22
Category : Business & Economics
ISBN : 9780821399316

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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 : 44,6 Mb
Release : 2021-03-04
Category : Business & Economics
ISBN : 9781108495370

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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 : Pereowei Subai
Publisher : Routledge
Page : 192 pages
File Size : 48,8 Mb
Release : 2019-01-10
Category : Law
ISBN : 9781351068062

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Local Content Oil and Gas Law in Africa by Pereowei Subai Pdf

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.

Author : Eduardo G. Pereira,Rochelle Spencer,Jonathon W. Moses
Publisher : Springer Nature
Page : 653 pages
File Size : 52,7 Mb
Release : 2021-01-25
Category : Business & Economics
ISBN : 9783030560928

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Sovereign Wealth Funds, Local Content Policies and CSR by Eduardo G. Pereira,Rochelle Spencer,Jonathon W. Moses Pdf

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.

Author : Gary Clyde Hufbauer ,Jeffrey J. Schott
Publisher : Peterson Institute for International Economics
Page : 272 pages
File Size : 53,8 Mb
Release : 2013-10-07
Category : Business & Economics
ISBN : 9780881326802

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Local Content Requirements by Gary Clyde Hufbauer ,Jeffrey J. Schott Pdf

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.

Author : Silvana Tordo
Publisher : World Bank Publications
Page : 149 pages
File Size : 40,9 Mb
Release : 2011-07-13
Category : Business & Economics
ISBN : 9780821388310

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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 : Havard Devold
Publisher : Lulu.com
Page : 84 pages
File Size : 49,9 Mb
Release : 2013
Category : Gas fields
ISBN : 9781105538643

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

Author : David Onditi
Publisher : GRIN Verlag
Page : 58 pages
File Size : 43,7 Mb
Release : 2020-03-24
Category : Business & Economics
ISBN : 9783346136022

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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 : Yelena Kalyuzhnova,Christian A. Nygaard,Yerengaip Omarov,Abdizhapar Saparbayev
Publisher : Springer
Page : 235 pages
File Size : 55,6 Mb
Release : 2016-09-26
Category : Business & Economics
ISBN : 9781137447869

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Local Content Policies in Resource-rich Countries by Yelena Kalyuzhnova,Christian A. Nygaard,Yerengaip Omarov,Abdizhapar Saparbayev Pdf

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.

Author : Arnim Langer,Ukoha Ukiwo,Pamela Mbabazi
Publisher : Leuven University Press
Page : 396 pages
File Size : 52,5 Mb
Release : 2020-01-07
Category : Social Science
ISBN : 9789462702004

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Oil Wealth and Development in Uganda and Beyond by Arnim Langer,Ukoha Ukiwo,Pamela Mbabazi Pdf

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).

Author : Rukonge Sospeter Muhongo
Publisher : Springer Nature
Page : 244 pages
File Size : 47,5 Mb
Release : 2020-11-02
Category : Political Science
ISBN : 9783030613389

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Energy Justice by Rukonge Sospeter Muhongo Pdf

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.

Author : Yelena Kalyuzhnova
Publisher : Palgrave MacMillan
Page : 288 pages
File Size : 52,7 Mb
Release : 2008-07-24
Category : Business & Economics
ISBN : STANFORD:36105131667466

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Economics of the Caspian Oil and Gas Wealth by Yelena Kalyuzhnova Pdf

This book explores the economic challenges involved in managing hydrocarbon wealth in the Caspian region, and looks at how to design an optimal energy policy. The book draws on the Author's experience in dealing with the governments of the region, and her knowledge of the role of major companies in the area.

Author : Odd-Helge Fjeldstad,Donald Eliapenda Mmari,Kendra E. Dupuy
Publisher : Unknown
Page : 186 pages
File Size : 40,5 Mb
Release : 2019
Category : Gas industry
ISBN : 8280627405

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Governing Petroleum Resources by Odd-Helge Fjeldstad,Donald Eliapenda Mmari,Kendra E. Dupuy Pdf

Author : Trevor M. Boopsingh,Gregory McGuire
Publisher : University Press of America
Page : 497 pages
File Size : 55,5 Mb
Release : 2014-08-01
Category : Business & Economics
ISBN : 9780761863298

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From Oil to Gas and Beyond by Trevor M. Boopsingh,Gregory McGuire Pdf

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.