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

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

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

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