Local Content in the Oil and Gas Sector

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dc.creatorWarner, Michael
dc.creatorTordo, Silvana
dc.creatorManzano, Osmel E.
dc.creatorAnouti, Yahya
dc.date2013-09-30T19:29:00Z
dc.date2013-09-30T19:29:00Z
dc.date2013-07
dc.date.accessioned2026-07-01T00:49:16Z
dc.descriptionA 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 important theme of such policies is the so-called local content created by the sector- the extent to which the output of the extractive industry sector generates further benefits to the economy beyond the direct contribution of its value-added, through its links to other sectors. Local Content Policies (LCPs) were first introduced in the North sea in the early 1970s and ranged from restrictions on imports to direct state intervention in the oil sector. While LCPs have the potential to stimulate broad-based economic development, which is necessary to alleviate poverty and achieve the United Nation's Millennium Development Goals (MDGs), their application in petroleum-rich countries has achieved mixed results. This paper serves to introduce the topic by describing policies and practices meant to foster the development of economic links from the petroleum sector, as adopted by a number of petroleum-producing countries both in and outside the Organization for Economic Co-operation and Development (OECD). The paper is organized as follows: chapter one defines local content and briefly illustrates the links between the petroleum sector and other economic sectors (where policies may be able to increase the economic benefits of the petroleum sector). An attempt is made to measure local content levels in a wide sample of petroleum-producing countries including net importers and net exporters, and countries at different stages of economic development to put LCPs in context and to consider if the structure of an economy is a key driver of local content levels. Chapter two discusses the arguments that have been used in favor and against the use of productive development policies in general and LCPs in particular. Chapter three provides an outline of the tools and types of LCPs that have been used by petroleum producing countries, and present their strengths and weaknesses. Chapter four focuses on issues related to the measurement and monitoring of LCPs, and discusses the limitations of alternative metrics. Chapter five provides a description of LCP objectives, implementation tools, and reporting metrics used in a selected sample of oil-producing countries including Angola, Brazil, Kazakhstan, Indonesia, Malaysia, and Trinidad and Tobago and draw initial lessons that may be relevant to other countries.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifier978-0-8213-9931-6
dc.identifier10.1596/978-0-8213-9931-6
dc.identifierhttps://hdl.handle.net/10986/15930
dc.identifierhttps://doi.org/10.1596/978-0-8213-9931-6
dc.identifier.urihttp://hdl.handle.net/123456789/411511
dc.languageen_US
dc.publisherWashington, DC: World Bank
dc.relationWorld Bank Study;
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectAccounting
dc.subjectadverse effects
dc.subjectagriculture
dc.subjectapproach
dc.subjectarbitrage
dc.subjectbilateral trade
dc.subjectbudget constraints
dc.subjectcapital investment
dc.subjectclimate
dc.subjectcomparative advantage
dc.subjectcomparative advantages
dc.subjectcompetitive advantage
dc.subjectcompetitiveness
dc.subjectconstruction workers
dc.subjectconsumers
dc.subjectconsumption of commodities
dc.subjectcrude oil
dc.subjectdebt
dc.subjectdeposits of hydrocarbons
dc.subjectDevelopment Policies
dc.subjectdevelopment policy
dc.subjectdistillation
dc.subjectdomestic oil
dc.subjectdomestic production
dc.subjectdomestic supply
dc.subjectdrilling
dc.subjectdrivers
dc.subjectdry gas
dc.subjecteconomic benefits
dc.subjecteconomic costs
dc.subjecteconomic diversification
dc.subjecteconomic efficiency
dc.subjecteconomic geography
dc.subjecteconomic growth
dc.subjecteconomic impact
dc.subjecteconomic sectors
dc.subjectEconomics
dc.subjecteconomies of scale
dc.subjectEI
dc.subjectelectricity
dc.subjectEmployment
dc.subjectemployment opportunities
dc.subjectenvironmental damage
dc.subjectexchange rates
dc.subjectexternalities
dc.subjectexternality
dc.subjectextraction
dc.subjectfeedstock
dc.subjectfinancial crisis
dc.subjectfinancial flows
dc.subjectfinancial sector
dc.subjectfiscal incentives
dc.subjectforeign direct investment
dc.subjectforeign workers
dc.subjectfree trade
dc.subjectfuel
dc.subjectfuel oil
dc.subjectfuels
dc.subjectfuture research
dc.subjectgas activities
dc.subjectgas companies
dc.subjectgas company
dc.subjectgas exploration
dc.subjectgas exports
dc.subjectgas extraction
dc.subjectgas facilities
dc.subjectgas fields
dc.subjectGas Industry
dc.subjectgas oil
dc.subjectgas operations
dc.subjectgas production
dc.subjectgas reserves
dc.subjectgas sectors
dc.subjectgas taxation
dc.subjectgas treatment
dc.subjectgas-producing countries
dc.subjectgasoline
dc.subjectGDP
dc.subjectgeneral equilibrium
dc.subjectgeneral equilibrium model
dc.subjectgross domestic product
dc.subjectgross output
dc.subjectgrowth potential
dc.subjectheat
dc.subjecthuman capital
dc.subjecthydrocarbon potential
dc.subjecthydrogen
dc.subjectImport quotas
dc.subjectimport substitution
dc.subjectimports
dc.subjectincome
dc.subjectindustrial plants
dc.subjectindustrialization
dc.subjectinefficiency
dc.subjectinnovation
dc.subjectinsurance
dc.subjectjobs
dc.subjectkerosene
dc.subjectLabor Economies
dc.subjectlabor force
dc.subjectlabor mobility
dc.subjectliquefaction
dc.subjectliquefied petroleum gas
dc.subjectliving standards
dc.subjectLNG
dc.subjectmacroeconomic policies
dc.subjectmarket equilibrium
dc.subjectmarket failure
dc.subjectmarket failures
dc.subjectmarket outcomes
dc.subjectmethane
dc.subjectmonitoring arrangements
dc.subjectnational economy
dc.subjectnational oil
dc.subjectnational oil companies
dc.subjectnatural gas
dc.subjectnatural gas liquids
dc.subjectnatural resources
dc.subjectNatural-gas
dc.subjectnegative externality
dc.subjectNGLs
dc.subjectOil
dc.subjectOil and Gas
dc.subjectOil and Gas Sector
dc.subjectoil company
dc.subjectoil field
dc.subjectoil industry
dc.subjectoil production
dc.subjectoil products
dc.subjectoil recovery
dc.subjectOil refining
dc.subjectoil sector
dc.subjectoil wells
dc.subjectoil-producing countries
dc.subjectoil_ and_gas
dc.subjectoil_ and_gas_sector
dc.subjectoil_and_gas
dc.subjectoil_and_gas_sector
dc.subjectopportunity costs
dc.subjectoutputs
dc.subjectpenalties
dc.subjectper capita consumption
dc.subjectpetrochemical industry
dc.subjectpetrochemicals
dc.subjectpetrochemicals industry
dc.subjectPetroleum
dc.subjectPetroleum Industry
dc.subjectpetroleum products
dc.subjectpetroleum reserves
dc.subjectPetroleum Sector
dc.subjectpetroleum supply
dc.subjectpipeline
dc.subjectpipeline networks
dc.subjectpipelines
dc.subjectpolicy advice
dc.subjectPolicy makers
dc.subjectpolicy response
dc.subjectpolitical economy
dc.subjectpower
dc.subjectpower generation
dc.subjectpower plants
dc.subjectpower station
dc.subjectPrimary distribution
dc.subjectprivate sector
dc.subjectprocess uses
dc.subjectproduction costs
dc.subjectproduction of fertilizers
dc.subjectproductivity
dc.subjectprofit margins
dc.subjectproperty rights
dc.subjectprotectionism
dc.subjectpublic good
dc.subjectquantitative analysis
dc.subjectrefined products
dc.subjectrefineries
dc.subjectrefinery
dc.subjectrefining
dc.subjectrents
dc.subjectreservoir
dc.subjectreservoir rock
dc.subjectreservoirs
dc.subjectsafety
dc.subjectsalt caverns
dc.subjectsearch for oil
dc.subjectseismic surveys
dc.subjectspillover effects
dc.subjectstorage facilities
dc.subjectsubmersible pumps
dc.subjectSuppliers
dc.subjectSustainable Energy
dc.subjecttax incentives
dc.subjectTotal Output
dc.subjecttrade liberalization
dc.subjecttrade proposals
dc.subjecttransportation fuels
dc.subjectunintended consequences
dc.subjectUruguay Round
dc.subjectutilities
dc.subjectvalue added
dc.subjectwage rates
dc.subjectWages
dc.subjectwealth
dc.subjectWorld Trade Organization
dc.subjectWTO
dc.titleLocal Content in the Oil and Gas Sector

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