Experiences with Oil Funds : Institutional and Financial Aspects
This study brings together detailed information on the creation, operation, and financial performance of 12 oil funds and 3 other resource funds. The report looks at various funds in Alaska, Alberta, Azerbaijan, Norway, Chad, Sao Tome Principe, Tim...
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| Format: | ESMAP Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2006/06/7336885/experiences-oil-funds-institutional-financial-aspects http://hdl.handle.net/10986/17952 |
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okr-10986-179522021-04-23T14:03:38Z Experiences with Oil Funds : Institutional and Financial Aspects Bacon, Robert Tordo, Silvana AMOUNT OF OIL APPROACH ASSETS BALANCE BENCHMARK BENCHMARKS CAPITAL MARKETS CAPITAL PROJECTS CARBON CARBON DIOXIDE CENTRAL BANK CONSUMER PRICE INDEX DECISION MAKING DEVELOPMENT ECONOMICS DISCOUNT RATE DIVIDENDS ECONOMIC GROWTH ECONOMIC PERFORMANCE ENERGY PLANNERS ENERGY SECURITY FINANCIAL MANAGEMENT FISCAL POLICY FORECASTS GAS GAS RESERVES GDP GENERATION GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HIGH OIL PRICES HYDROCARBONS INCOME INFLATION INVESTMENT OPPORTUNITIES MACROECONOMIC CONTEXT MACROECONOMIC PROBLEMS MACROECONOMIC STABILIZATION MINERAL RESOURCES NATIONAL INCOME NATURAL RESOURCES OIL OIL COMPANY OIL FIELDS OIL PIPELINE OIL PRICE OIL PRICES OIL PRODUCTION OIL REVENUE MANAGEMENT OIL REVENUES OIL SHOCKS PERMANENT INCOME PETROLEUM PETROLEUM REVENUE MANAGEMENT PILOT PROJECTS POWER PRODUCTION LEVELS PROVISIONS PUBLIC PUBLIC DEBT PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR PROJECTS PUBLIC SPENDING RENEWABLE ENERGY REVENUE VOLATILITY SAVINGS SUPPLY CURVES TAX TAX RATES TAXATION TECHNICAL ASSISTANCE TRANSITION ECONOMIES TRANSPARENCY TREASURY UNEMPLOYMENT VALUE ADDED WEALTH This study brings together detailed information on the creation, operation, and financial performance of 12 oil funds and 3 other resource funds. The report looks at various funds in Alaska, Alberta, Azerbaijan, Norway, Chad, Sao Tome Principe, Timor, Chile, Nauru, Papua New Guinea, Kazakhstan, Kuwait, Oman, Venezuela, and Russia. The purpose of the study is to provide comparative information on the backgrounds of the creation of these funds, the legislation used to do so, the details of the organization and management of the funds, and of their financial performance. The report opens with a brief review of the reasons for establishing an oil fund and the principal issues involved. The report then provides detailed coverage of four oil funds where there is substantial public information about the operation and performance of the funds. The final chapter provides some comparative material on the different funds and explores the construction of a set of indicators for good practice in the design of the funds. The appendixes contain the legislation which created the governing funds. 2014-04-22T17:42:10Z 2014-04-22T17:42:10Z 2006-06 http://documents.worldbank.org/curated/en/2006/06/7336885/experiences-oil-funds-institutional-financial-aspects http://hdl.handle.net/10986/17952 English en_US Energy Sector Management Assistance Program (ESMAP);ESM 321 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: ESMAP Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AMOUNT OF OIL APPROACH ASSETS BALANCE BENCHMARK BENCHMARKS CAPITAL MARKETS CAPITAL PROJECTS CARBON CARBON DIOXIDE CENTRAL BANK CONSUMER PRICE INDEX DECISION MAKING DEVELOPMENT ECONOMICS DISCOUNT RATE DIVIDENDS ECONOMIC GROWTH ECONOMIC PERFORMANCE ENERGY PLANNERS ENERGY SECURITY FINANCIAL MANAGEMENT FISCAL POLICY FORECASTS GAS GAS RESERVES GDP GENERATION GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HIGH OIL PRICES HYDROCARBONS INCOME INFLATION INVESTMENT OPPORTUNITIES MACROECONOMIC CONTEXT MACROECONOMIC PROBLEMS MACROECONOMIC STABILIZATION MINERAL RESOURCES NATIONAL INCOME NATURAL RESOURCES OIL OIL COMPANY OIL FIELDS OIL PIPELINE OIL PRICE OIL PRICES OIL PRODUCTION OIL REVENUE MANAGEMENT OIL REVENUES OIL SHOCKS PERMANENT INCOME PETROLEUM PETROLEUM REVENUE MANAGEMENT PILOT PROJECTS POWER PRODUCTION LEVELS PROVISIONS PUBLIC PUBLIC DEBT PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR PROJECTS PUBLIC SPENDING RENEWABLE ENERGY REVENUE VOLATILITY SAVINGS SUPPLY CURVES TAX TAX RATES TAXATION TECHNICAL ASSISTANCE TRANSITION ECONOMIES TRANSPARENCY TREASURY UNEMPLOYMENT VALUE ADDED WEALTH |
| spellingShingle |
AMOUNT OF OIL APPROACH ASSETS BALANCE BENCHMARK BENCHMARKS CAPITAL MARKETS CAPITAL PROJECTS CARBON CARBON DIOXIDE CENTRAL BANK CONSUMER PRICE INDEX DECISION MAKING DEVELOPMENT ECONOMICS DISCOUNT RATE DIVIDENDS ECONOMIC GROWTH ECONOMIC PERFORMANCE ENERGY PLANNERS ENERGY SECURITY FINANCIAL MANAGEMENT FISCAL POLICY FORECASTS GAS GAS RESERVES GDP GENERATION GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HIGH OIL PRICES HYDROCARBONS INCOME INFLATION INVESTMENT OPPORTUNITIES MACROECONOMIC CONTEXT MACROECONOMIC PROBLEMS MACROECONOMIC STABILIZATION MINERAL RESOURCES NATIONAL INCOME NATURAL RESOURCES OIL OIL COMPANY OIL FIELDS OIL PIPELINE OIL PRICE OIL PRICES OIL PRODUCTION OIL REVENUE MANAGEMENT OIL REVENUES OIL SHOCKS PERMANENT INCOME PETROLEUM PETROLEUM REVENUE MANAGEMENT PILOT PROJECTS POWER PRODUCTION LEVELS PROVISIONS PUBLIC PUBLIC DEBT PUBLIC INFORMATION PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR PROJECTS PUBLIC SPENDING RENEWABLE ENERGY REVENUE VOLATILITY SAVINGS SUPPLY CURVES TAX TAX RATES TAXATION TECHNICAL ASSISTANCE TRANSITION ECONOMIES TRANSPARENCY TREASURY UNEMPLOYMENT VALUE ADDED WEALTH Bacon, Robert Tordo, Silvana Experiences with Oil Funds : Institutional and Financial Aspects |
| relation |
Energy Sector Management Assistance Program
(ESMAP);ESM 321 |
| description |
This study brings together detailed
information on the creation, operation, and financial
performance of 12 oil funds and 3 other resource funds. The
report looks at various funds in Alaska, Alberta,
Azerbaijan, Norway, Chad, Sao Tome Principe, Timor, Chile,
Nauru, Papua New Guinea, Kazakhstan, Kuwait, Oman,
Venezuela, and Russia. The purpose of the study is to
provide comparative information on the backgrounds of the
creation of these funds, the legislation used to do so, the
details of the organization and management of the funds, and
of their financial performance. The report opens with a
brief review of the reasons for establishing an oil fund and
the principal issues involved. The report then provides
detailed coverage of four oil funds where there is
substantial public information about the operation and
performance of the funds. The final chapter provides some
comparative material on the different funds and explores the
construction of a set of indicators for good practice in the
design of the funds. The appendixes contain the legislation
which created the governing funds. |
| format |
Publications & Research :: ESMAP Paper |
| author |
Bacon, Robert Tordo, Silvana |
| author_facet |
Bacon, Robert Tordo, Silvana |
| author_sort |
Bacon, Robert |
| title |
Experiences with Oil Funds : Institutional and Financial Aspects |
| title_short |
Experiences with Oil Funds : Institutional and Financial Aspects |
| title_full |
Experiences with Oil Funds : Institutional and Financial Aspects |
| title_fullStr |
Experiences with Oil Funds : Institutional and Financial Aspects |
| title_full_unstemmed |
Experiences with Oil Funds : Institutional and Financial Aspects |
| title_sort |
experiences with oil funds : institutional and financial aspects |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2006/06/7336885/experiences-oil-funds-institutional-financial-aspects http://hdl.handle.net/10986/17952 |
| _version_ |
1764437679800320000 |