Natural Oil Companies and Value Creation : Volume 2. Case Studies
Approximately two billion dollars a day of petroleum are traded worldwide, which makes petroleum the largest single item in the balance of payments and exchanges between nations. Petroleum represents the larger share in total energy use for most ne...
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| Format: | Publications & Research |
| 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/2011/03/18551385/natural-oil-companies-value-creation-vol-2-3 http://hdl.handle.net/10986/16651 |
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okr-10986-16651 |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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ABSORPTIVE CAPACITIES APPROACH AVIATION FUEL BALANCE BARREL BARREL OF OIL BARRELS OF OIL BARRELS PER DAY COAL COAL RESOURCES CONCESSION CONSUMER DEMAND CONSUMER OF ENERGY CONSUMPTION OF OIL CRUDE OIL CRUDE OIL EXTRACTION CRUDE OIL IMPORTS CRUDE OIL PIPELINE CRUDE OIL PRICES CRUDE OIL PRODUCTION CRUDE OILS DEVELOPMENT DRILLING DIESEL DISTRIBUTION OF OIL DOMESTIC GAS DOMESTIC OIL DOMESTIC PETROLEUM DOWNSTREAM OIL DRILLING ECONOMIC GEOLOGY ELECTRICITY ELECTRICITY SECTOR EMPLOYMENT ENERGY CONSUMPTION ENERGY ECONOMICS ENERGY INFORMATION ADMINISTRATION ENERGY PRICES ENERGY RESOURCES ENERGY SERVICES ENVIRONMENTAL STANDARDS EXPLORATION LICENSES EXPLORATION POLICY EXPORT MARKETS EXTRACTIVE INDUSTRIES FEEDSTOCK FISCAL REGIME FISCAL TERMS FOREIGN EXCHANGE FUEL FUEL PRICE GAS AUTHORITY GAS COMMISSION GAS COMPANY GAS DISCOVERY GAS DISTRIBUTION GAS EXPLORATION GAS EXPLORATION AND PRODUCTION GAS EXPORTS GAS FIELDS GAS INDUSTRY GAS INFRASTRUCTURE GAS MARKETING GAS PRODUCTION COMPANIES GAS RESERVE GAS RESERVES GAS RESOURCE GAS RESOURCES GAS SECTORS GAS TRANSPORTATION GASOLINE GROSS DOMESTIC PRODUCT GROSS NATURAL GAS PRODUCTION HEAVY CRUDE HIGH OIL PRICES HYDROCARBON LAW HYDROCARBON RESERVES HYDROCARBON SECTOR HYDROCARBONS HYDROCARBONS SECTOR INCOME INTERNATIONAL OIL COMPANIES INTERNATIONAL OIL PRICES INVESTMENT OPPORTUNITIES KEROSENE LIQUEFIED PETROLEUM GAS LNG LNG PROJECT LOGGING METHANE METHANE GAS MILLION BARRELS MILLION BARRELS PER DAY MINERAL MINERAL RESOURCES MINISTRY OF PETROLEUM NATIONAL OIL NATIONAL OIL COMPANIES NATURAL GAS NATURAL GAS CONSUMPTION NATURAL GAS DISTRIBUTION NATURAL GAS PRODUCTION NATURAL GAS RESERVES NATURAL GAS STORAGE NATURAL GAS STORAGE FACILITIES NET OIL OFFSHORE OIL OIL OIL & GAS OIL ACCOUNTS OIL AND GAS OIL AND GAS SECTOR OIL COMPANIES OIL COMPANY OIL CONSUMPTION OIL EQUIVALENT OIL FIELD OIL FIELDS OIL IMPORTER OIL IMPORTS OIL INDUSTRY OIL INFRASTRUCTURE OIL MARKETING OIL MARKETING COMPANIES OIL PIPELINE OIL PRICE OIL PRICES OIL PRODUCERS OIL PRODUCING OIL PRODUCTION OIL PRODUCTS OIL RECOVERY OIL REFINING OIL RESERVES OIL SECTOR OIL SHOCK OIL TANKERS OILS OPEC PERCENT OF EXPLORATION PETROCHEMICALS PETROLEUM PETROLEUM COMPANY PETROLEUM CONTRACTS PETROLEUM CORPORATION PETROLEUM ENGINEERING PETROLEUM EXPLORATION PETROLEUM EXPORTING COUNTRIES PETROLEUM GAS PETROLEUM INDUSTRY PETROLEUM LAW PETROLEUM OIL PETROLEUM POLICY PETROLEUM PRICE PETROLEUM PRODUCT PETROLEUM PRODUCTS PETROLEUM SECTOR PIPELINE NETWORKS PIPELINE TRANSPORT PIPELINES POWER POWER GENERATION POWER GENERATION SECTOR PRICE VOLATILITY PRIVATE CAPITAL PRIVATE FOREIGN INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PROBABLE RESERVES PRODUCTION LEVELS PROVEN NATURAL GAS PROVEN RESERVES RAW MATERIALS REFINED OIL REFINED OIL PRODUCTS REFINED PRODUCTS REFINERIES REFINERY RENEWABLE FUELS ROYALTY SAFETY STANDARDS STATE CONTROL SUSTAINABLE DEVELOPMENT TAX PAYMENTS TOTAL CONSUMPTION TOTAL ENERGY CONSUMPTION |
| spellingShingle |
ABSORPTIVE CAPACITIES APPROACH AVIATION FUEL BALANCE BARREL BARREL OF OIL BARRELS OF OIL BARRELS PER DAY COAL COAL RESOURCES CONCESSION CONSUMER DEMAND CONSUMER OF ENERGY CONSUMPTION OF OIL CRUDE OIL CRUDE OIL EXTRACTION CRUDE OIL IMPORTS CRUDE OIL PIPELINE CRUDE OIL PRICES CRUDE OIL PRODUCTION CRUDE OILS DEVELOPMENT DRILLING DIESEL DISTRIBUTION OF OIL DOMESTIC GAS DOMESTIC OIL DOMESTIC PETROLEUM DOWNSTREAM OIL DRILLING ECONOMIC GEOLOGY ELECTRICITY ELECTRICITY SECTOR EMPLOYMENT ENERGY CONSUMPTION ENERGY ECONOMICS ENERGY INFORMATION ADMINISTRATION ENERGY PRICES ENERGY RESOURCES ENERGY SERVICES ENVIRONMENTAL STANDARDS EXPLORATION LICENSES EXPLORATION POLICY EXPORT MARKETS EXTRACTIVE INDUSTRIES FEEDSTOCK FISCAL REGIME FISCAL TERMS FOREIGN EXCHANGE FUEL FUEL PRICE GAS AUTHORITY GAS COMMISSION GAS COMPANY GAS DISCOVERY GAS DISTRIBUTION GAS EXPLORATION GAS EXPLORATION AND PRODUCTION GAS EXPORTS GAS FIELDS GAS INDUSTRY GAS INFRASTRUCTURE GAS MARKETING GAS PRODUCTION COMPANIES GAS RESERVE GAS RESERVES GAS RESOURCE GAS RESOURCES GAS SECTORS GAS TRANSPORTATION GASOLINE GROSS DOMESTIC PRODUCT GROSS NATURAL GAS PRODUCTION HEAVY CRUDE HIGH OIL PRICES HYDROCARBON LAW HYDROCARBON RESERVES HYDROCARBON SECTOR HYDROCARBONS HYDROCARBONS SECTOR INCOME INTERNATIONAL OIL COMPANIES INTERNATIONAL OIL PRICES INVESTMENT OPPORTUNITIES KEROSENE LIQUEFIED PETROLEUM GAS LNG LNG PROJECT LOGGING METHANE METHANE GAS MILLION BARRELS MILLION BARRELS PER DAY MINERAL MINERAL RESOURCES MINISTRY OF PETROLEUM NATIONAL OIL NATIONAL OIL COMPANIES NATURAL GAS NATURAL GAS CONSUMPTION NATURAL GAS DISTRIBUTION NATURAL GAS PRODUCTION NATURAL GAS RESERVES NATURAL GAS STORAGE NATURAL GAS STORAGE FACILITIES NET OIL OFFSHORE OIL OIL OIL & GAS OIL ACCOUNTS OIL AND GAS OIL AND GAS SECTOR OIL COMPANIES OIL COMPANY OIL CONSUMPTION OIL EQUIVALENT OIL FIELD OIL FIELDS OIL IMPORTER OIL IMPORTS OIL INDUSTRY OIL INFRASTRUCTURE OIL MARKETING OIL MARKETING COMPANIES OIL PIPELINE OIL PRICE OIL PRICES OIL PRODUCERS OIL PRODUCING OIL PRODUCTION OIL PRODUCTS OIL RECOVERY OIL REFINING OIL RESERVES OIL SECTOR OIL SHOCK OIL TANKERS OILS OPEC PERCENT OF EXPLORATION PETROCHEMICALS PETROLEUM PETROLEUM COMPANY PETROLEUM CONTRACTS PETROLEUM CORPORATION PETROLEUM ENGINEERING PETROLEUM EXPLORATION PETROLEUM EXPORTING COUNTRIES PETROLEUM GAS PETROLEUM INDUSTRY PETROLEUM LAW PETROLEUM OIL PETROLEUM POLICY PETROLEUM PRICE PETROLEUM PRODUCT PETROLEUM PRODUCTS PETROLEUM SECTOR PIPELINE NETWORKS PIPELINE TRANSPORT PIPELINES POWER POWER GENERATION POWER GENERATION SECTOR PRICE VOLATILITY PRIVATE CAPITAL PRIVATE FOREIGN INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PROBABLE RESERVES PRODUCTION LEVELS PROVEN NATURAL GAS PROVEN RESERVES RAW MATERIALS REFINED OIL REFINED OIL PRODUCTS REFINED PRODUCTS REFINERIES REFINERY RENEWABLE FUELS ROYALTY SAFETY STANDARDS STATE CONTROL SUSTAINABLE DEVELOPMENT TAX PAYMENTS TOTAL CONSUMPTION TOTAL ENERGY CONSUMPTION Tordo, Silvana Tracy, Brandon S. Arfaa, Noora Natural Oil Companies and Value Creation : Volume 2. Case Studies |
| relation |
World Bank working paper;no. 218 |
| description |
Approximately two billion dollars a day
of petroleum are traded worldwide, which makes petroleum the
largest single item in the balance of payments and exchanges
between nations. Petroleum represents the larger share in
total energy use for most net exporters and net importers.
While petroleum taxes are a major source of income for more
than 90 countries in the world, poor countries net importers
are more vulnerable to price increases than most
industrialized economies. This paper has five chapters.
Chapter one describes the key features of upstream,
midstream, and downstream petroleum operations and how these
may impact value creation and policy options. Chapter two
draws on ample literature and discusses how changes in the
geopolitical and global economic environment and in the host
governments' political and economic priorities have
affected the rationale for and behavior of National Oil
Companies' (NOCs). Rather than providing an in-depth
analysis of the philosophical reasons for creating
aNOC, this chapter seeks to highlight the special
nature of NOCs and how it may affect their existence,
objectives, regulation, and behavior. Chapter three proposes
a value creation index to measure the contribution of NOCs
to social value creation. A conceptual model is also
proposed to identify the factors that affect value creation.
Chapter four presents the result of an exploratory
statistical analysis aimed to determine the relative
importance of the drivers of value creation. In addition,
the experience of a selected sample of NOCs is analyzed in
detail, and lessons of general applicability are derived.
Finally, Chapter five summarizes the conclusions. |
| format |
Publications & Research |
| author |
Tordo, Silvana Tracy, Brandon S. Arfaa, Noora |
| author_facet |
Tordo, Silvana Tracy, Brandon S. Arfaa, Noora |
| author_sort |
Tordo, Silvana |
| title |
Natural Oil Companies and Value Creation : Volume 2. Case Studies |
| title_short |
Natural Oil Companies and Value Creation : Volume 2. Case Studies |
| title_full |
Natural Oil Companies and Value Creation : Volume 2. Case Studies |
| title_fullStr |
Natural Oil Companies and Value Creation : Volume 2. Case Studies |
| title_full_unstemmed |
Natural Oil Companies and Value Creation : Volume 2. Case Studies |
| title_sort |
natural oil companies and value creation : volume 2. case studies |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2011/03/18551385/natural-oil-companies-value-creation-vol-2-3 http://hdl.handle.net/10986/16651 |
| _version_ |
1764434278443122688 |
| spelling |
okr-10986-166512021-04-23T14:03:31Z Natural Oil Companies and Value Creation : Volume 2. Case Studies Tordo, Silvana Tracy, Brandon S. Arfaa, Noora ABSORPTIVE CAPACITIES APPROACH AVIATION FUEL BALANCE BARREL BARREL OF OIL BARRELS OF OIL BARRELS PER DAY COAL COAL RESOURCES CONCESSION CONSUMER DEMAND CONSUMER OF ENERGY CONSUMPTION OF OIL CRUDE OIL CRUDE OIL EXTRACTION CRUDE OIL IMPORTS CRUDE OIL PIPELINE CRUDE OIL PRICES CRUDE OIL PRODUCTION CRUDE OILS DEVELOPMENT DRILLING DIESEL DISTRIBUTION OF OIL DOMESTIC GAS DOMESTIC OIL DOMESTIC PETROLEUM DOWNSTREAM OIL DRILLING ECONOMIC GEOLOGY ELECTRICITY ELECTRICITY SECTOR EMPLOYMENT ENERGY CONSUMPTION ENERGY ECONOMICS ENERGY INFORMATION ADMINISTRATION ENERGY PRICES ENERGY RESOURCES ENERGY SERVICES ENVIRONMENTAL STANDARDS EXPLORATION LICENSES EXPLORATION POLICY EXPORT MARKETS EXTRACTIVE INDUSTRIES FEEDSTOCK FISCAL REGIME FISCAL TERMS FOREIGN EXCHANGE FUEL FUEL PRICE GAS AUTHORITY GAS COMMISSION GAS COMPANY GAS DISCOVERY GAS DISTRIBUTION GAS EXPLORATION GAS EXPLORATION AND PRODUCTION GAS EXPORTS GAS FIELDS GAS INDUSTRY GAS INFRASTRUCTURE GAS MARKETING GAS PRODUCTION COMPANIES GAS RESERVE GAS RESERVES GAS RESOURCE GAS RESOURCES GAS SECTORS GAS TRANSPORTATION GASOLINE GROSS DOMESTIC PRODUCT GROSS NATURAL GAS PRODUCTION HEAVY CRUDE HIGH OIL PRICES HYDROCARBON LAW HYDROCARBON RESERVES HYDROCARBON SECTOR HYDROCARBONS HYDROCARBONS SECTOR INCOME INTERNATIONAL OIL COMPANIES INTERNATIONAL OIL PRICES INVESTMENT OPPORTUNITIES KEROSENE LIQUEFIED PETROLEUM GAS LNG LNG PROJECT LOGGING METHANE METHANE GAS MILLION BARRELS MILLION BARRELS PER DAY MINERAL MINERAL RESOURCES MINISTRY OF PETROLEUM NATIONAL OIL NATIONAL OIL COMPANIES NATURAL GAS NATURAL GAS CONSUMPTION NATURAL GAS DISTRIBUTION NATURAL GAS PRODUCTION NATURAL GAS RESERVES NATURAL GAS STORAGE NATURAL GAS STORAGE FACILITIES NET OIL OFFSHORE OIL OIL OIL & GAS OIL ACCOUNTS OIL AND GAS OIL AND GAS SECTOR OIL COMPANIES OIL COMPANY OIL CONSUMPTION OIL EQUIVALENT OIL FIELD OIL FIELDS OIL IMPORTER OIL IMPORTS OIL INDUSTRY OIL INFRASTRUCTURE OIL MARKETING OIL MARKETING COMPANIES OIL PIPELINE OIL PRICE OIL PRICES OIL PRODUCERS OIL PRODUCING OIL PRODUCTION OIL PRODUCTS OIL RECOVERY OIL REFINING OIL RESERVES OIL SECTOR OIL SHOCK OIL TANKERS OILS OPEC PERCENT OF EXPLORATION PETROCHEMICALS PETROLEUM PETROLEUM COMPANY PETROLEUM CONTRACTS PETROLEUM CORPORATION PETROLEUM ENGINEERING PETROLEUM EXPLORATION PETROLEUM EXPORTING COUNTRIES PETROLEUM GAS PETROLEUM INDUSTRY PETROLEUM LAW PETROLEUM OIL PETROLEUM POLICY PETROLEUM PRICE PETROLEUM PRODUCT PETROLEUM PRODUCTS PETROLEUM SECTOR PIPELINE NETWORKS PIPELINE TRANSPORT PIPELINES POWER POWER GENERATION POWER GENERATION SECTOR PRICE VOLATILITY PRIVATE CAPITAL PRIVATE FOREIGN INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PROBABLE RESERVES PRODUCTION LEVELS PROVEN NATURAL GAS PROVEN RESERVES RAW MATERIALS REFINED OIL REFINED OIL PRODUCTS REFINED PRODUCTS REFINERIES REFINERY RENEWABLE FUELS ROYALTY SAFETY STANDARDS STATE CONTROL SUSTAINABLE DEVELOPMENT TAX PAYMENTS TOTAL CONSUMPTION TOTAL ENERGY CONSUMPTION Approximately two billion dollars a day of petroleum are traded worldwide, which makes petroleum the largest single item in the balance of payments and exchanges between nations. Petroleum represents the larger share in total energy use for most net exporters and net importers. While petroleum taxes are a major source of income for more than 90 countries in the world, poor countries net importers are more vulnerable to price increases than most industrialized economies. This paper has five chapters. Chapter one describes the key features of upstream, midstream, and downstream petroleum operations and how these may impact value creation and policy options. Chapter two draws on ample literature and discusses how changes in the geopolitical and global economic environment and in the host governments' political and economic priorities have affected the rationale for and behavior of National Oil Companies' (NOCs). Rather than providing an in-depth analysis of the philosophical reasons for creating aNOC, this chapter seeks to highlight the special nature of NOCs and how it may affect their existence, objectives, regulation, and behavior. Chapter three proposes a value creation index to measure the contribution of NOCs to social value creation. A conceptual model is also proposed to identify the factors that affect value creation. Chapter four presents the result of an exploratory statistical analysis aimed to determine the relative importance of the drivers of value creation. In addition, the experience of a selected sample of NOCs is analyzed in detail, and lessons of general applicability are derived. Finally, Chapter five summarizes the conclusions. 2014-01-28T18:57:08Z 2014-01-28T18:57:08Z 2011-03 http://documents.worldbank.org/curated/en/2011/03/18551385/natural-oil-companies-value-creation-vol-2-3 http://hdl.handle.net/10986/16651 English en_US World Bank working paper;no. 218 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Publication |