Local Content in the Oil and Gas Sector

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 i...

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Bibliographic Details
Main Authors:	Tordo, Silvana, Warner, Michael, Manzano, Osmel E., Anouti, Yahya
Format:	Publication
Language:	en_US
Published:	Washington, DC: World Bank 2013
Subjects:	Accounting adverse effects agriculture approach arbitrage bilateral trade budget constraints capital investment climate comparative advantage comparative advantages competitive advantage competitiveness construction workers consumers consumption of commodities crude oil debt deposits of hydrocarbons Development Policies development policy distillation domestic oil domestic production domestic supply drilling drivers dry gas economic benefits economic costs economic diversification economic efficiency economic geography economic growth economic impact economic sectors Economics economies of scale EI electricity Employment employment opportunities environmental damage exchange rates externalities externality extraction feedstock financial crisis financial flows financial sector fiscal incentives foreign direct investment foreign workers free trade fuel fuel oil fuels future research gas activities gas companies gas company gas exploration gas exports gas extraction gas facilities gas fields Gas Industry gas oil gas operations gas production gas reserves gas sectors gas taxation gas treatment gas-producing countries gasoline GDP general equilibrium general equilibrium model gross domestic product gross output growth potential heat human capital hydrocarbon potential hydrogen Import quotas import substitution imports income industrial plants industrialization inefficiency innovation insurance jobs kerosene Labor Economies labor force labor mobility liquefaction liquefied petroleum gas living standards LNG macroeconomic policies market equilibrium market failure market failures market outcomes methane monitoring arrangements national economy national oil national oil companies natural gas natural gas liquids natural resources Natural-gas negative externality NGLs Oil Oil and Gas Oil and Gas Sector oil company oil field oil industry oil production oil products oil recovery Oil refining oil sector oil wells oil-producing countries oil_ and_gas oil_ and_gas_sector oil_and_gas oil_and_gas_sector opportunity costs outputs penalties per capita consumption petrochemical industry petrochemicals petrochemicals industry Petroleum Petroleum Industry petroleum products petroleum reserves Petroleum Sector petroleum supply pipeline pipeline networks pipelines policy advice Policy makers policy response political economy power power generation power plants power station Primary distribution private sector process uses production costs production of fertilizers productivity profit margins property rights protectionism public good quantitative analysis refined products refineries refinery refining rents reservoir reservoir rock reservoirs safety salt caverns search for oil seismic surveys spillover effects storage facilities submersible pumps Suppliers Sustainable Energy tax incentives Total Output trade liberalization trade proposals transportation fuels unintended consequences Uruguay Round utilities value added wage rates Wages wealth World Trade Organization WTO
Online Access:	http://hdl.handle.net/10986/15930

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http://hdl.handle.net/10986/15930

Local Content in the Oil and Gas Sector

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