Ethiopia Oil and Gas Sector Development : Support for Review and Update of Policy and Regulatory Framework
The oil and gas sector in Ethiopia, currently at a very early stage of development, shows good potential for development on the long-run. The sector will benefit from strategies and policies to implement the broader vision for the sector. Developme...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/06/26436657/ethiopia-oil-gas-sector-development-support-review-update-policy-regulatory-framework-final-report http://hdl.handle.net/10986/24774 |
| Summary: | The oil and gas sector in Ethiopia,
currently at a very early stage of development, shows good
potential for development on the long-run. The sector will
benefit from strategies and policies to implement the
broader vision for the sector. Development of the oil and
gas sector in Ethiopia has the potential to transform the
country’s economy. To this end, the Government of Ethiopia
(GoE) has requested technical assistance and capacity
building support from the World Bank as part of a wider
package of support provided by the Bank (in coordination
with other development partners) to develop the extractive
industries (oil, gas, and mining) sector of Ethiopia. The
main objective of the work to be undertaken, is to provide
guidance and build capacity in GoE as it undertakes the
wider update of its policy, legal, and regulatory framework
of the oil and gas sector. Adam Smith International (ASI)
was contracted to review the policy and regulatory framework
for the oil and gas sector and provide recommendations. This
final report on policy and regulatory options has been
prepared at the conclusion of the analytical stage of the
project, and was preceded by the initiation report submitted
in July 2015. This report has two objectives. Firstly, to
provide a comprehensive review of the current policy of the
GoE towards the oil and natural gas sector. Secondly, to
evaluate the regulatory framework in terms of good
international practice. |
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