Balancing Petroleum Policy

  • Date Published 13/05/2019
Balancing Petroleum Policy
Balancing Petroleum Policy

Petroleum discovery in a country presents its policy makers with a challenging and complex task: formulating and agreeing on policies that will shape the country’s petroleum sector and guide the translation of the newly discovered resources into equitable and sustainable economic and social growth for the nation over the long term. Balancing Petroleum Policy provides policy makers and other stakeholders with the basic sector-related knowledge they need to embark on this task. It introduces a number of topics: the petroleum value chain and pivotal factors affecting value creation, a consultative process for developing a nation’s common vision on key petroleum development objectives, design of a legislative and contractual framework, petroleum fiscal regimes and their administration, prudent fiscal management, transparency and governance, environmental and social safeguards, and economic diversification through industrial linkages. Although much of the material is relevant to designing policies for the development of the petroleum sector in general, the book gives special focus to developing countries, countries in a federal or devolved setting, and countries that have experienced or are still experiencing civil conflict. With this focus in mind, the book examines three questions—ownership, management, and revenue sharing of petroleum resources—that are central to petroleum policy in any federal or devolved state.

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Book Chapters

  • Preliminary Pages Preliminary Pages
  • Chapter 1The Petroleum Value Chain And Governmental Policies: An Overview
  • Chapter 2Planning For The Development Of A Petroleum Sector
  • Chapter 3Petroleum Legislative Frameworks And Contracts In A Federation: Issues For Constitutions, Petroleum Laws, Regulations, And Contracts
  • Chapter 4Petroleum Fiscal Regimes In Developing Countries
  • Chapter 5Petroleum Fiscal Administration In Developing Countries
  • Chapter 6Key Aspects Of Fiscal Management In Resource- Rich Countries
  • Chapter 7Transparency In The Petroleum Sector: The Importance Of Information And Clear Processes For Effective Development In Fragile Contexts
  • Chapter 8Managing Environmental And Social Impacts Of The Petroleum Sector: Using Environmental And Social Assessment Toward More Sustainable Development
  • Chapter 10Ownership, Management, And Revenue Sharing Of Petroleum Resources In Federal And Devolved Regimes
  • Chapter 11Petroleum Development And Conflict Prevention Strategies

Balancing Petroleum Policy

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