Download e-book for iPad: Local Content Policies in the Oil and Gas Sector (World Bank by Silvana Tordo,Michael Warner,Osmel Manzano,Yahya Anouti

By Silvana Tordo,Michael Warner,Osmel Manzano,Yahya Anouti

a couple of nations have lately stumbled on and are constructing oil and fuel reserves. coverage makers in such international locations are apprehensive to procure the best advantages for his or her economies from the extraction of those exhaustible assets by means of designing applicable guidelines to accomplish wanted ambitions. One vital subject matter of such regulations is the so-called neighborhood content material created through the sector—the volume to which the output of the extractive zone generates additional advantages to the economic system past the direct contribution of its value-added, via its hyperlinks to different sectors. whereas neighborhood content material guidelines have the aptitude to stimulate broad-based monetary improvement, their software in petroleum-rich international locations has accomplished combined effects. This paper describes the rules and practices intended to foster the improvement of monetary linkages from the petroleum area, as followed by way of a couple of petroleum-producing international locations either in and out of doors the agency for monetary Co-operation and improvement. Examples of coverage targets, implementation instruments, and reporting metrics are supplied to derive classes of wider applicability. The paper offers quite a few conclusions for coverage makers in regards to the layout of neighborhood content material policies.

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Local Content Policies in the Oil and Gas Sector (World Bank Studies) by Silvana Tordo,Michael Warner,Osmel Manzano,Yahya Anouti

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