Petroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnam
The 1998 lowest level of international oil prices, triggered Viet Nam's request for technical assistance, to not only evaluate the petroleum fiscal system in comparison to other countries' competitiveness in international oil contracts�...
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| Format: | ESMAP Paper |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/02/1047450/petroleum-fiscal-issues-policies-fluctuating-oil-prices-viet-nam http://hdl.handle.net/10986/20299 |
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okr-10986-202992021-04-23T14:03:37Z Petroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnam World Bank BARRELS OF OIL CARBON CARBON DIOXIDE CRUDE OIL CRUDE OIL EXPORTS DISTRIBUTION CENTER DOMESTIC ENERGY DRILLING ECONOMIC CIRCUMSTANCES ECONOMIC CONDITIONS ECONOMISTS ELECTRICITY ELECTRICITY GENERATION ENERGY DEMAND ENERGY PLANNERS ENERGY PRACTICES FISCAL POLICIES FUEL FUEL OIL FUTURE ENERGY DEMAND GAS GAS ACTIVITIES GAS COMPANY GAS CONTRACTS GAS DEMAND GAS DEVELOPMENT GAS DISTRIBUTION GAS EXPLORATION GAS INDUSTRY GAS MARKET GAS MARKET DEVELOPMENT GAS MARKETING GAS POLICY GAS PRICES GAS PRICING GAS PRICING POLICY GAS PROCESSING GAS PRODUCTION GAS RESOURCES GAS SUPPLY GAS TRANSMISSION GAS TRANSMISSION AND DISTRIBUTION SYSTEM GOVERNMENT REGULATIONS HIGH LEVELS HIGH OIL PRICES HIGHER OIL PRICES HYDROCARBONS INCOME LIVING CONDITIONS LOW OIL PRICES NATURAL GAS NATURAL GAS PRODUCTION NATURAL GAS RESERVES OFFSHORE PETROLEUM OFFSHORE PETROLEUM OPERATIONS OIL OIL OIL AND GAS OIL AND GAS SECTOR OIL COMPANIES OIL EQUIVALENT OIL EXPLORATION OIL EXPORTS OIL FIELDS OIL PRICES OIL PRODUCTION OIL RESERVES PETROLEUM PETROLEUM PETROLEUM CONTRACTS PETROLEUM EXPLORATION PETROLEUM GAS PETROLEUM INDUSTRY PETROLEUM LAW PETROLEUM PRODUCTS PETROLEUM RESOURCES PIPELINE PIPELINES POVERTY ALLEVIATION POWER GENERATION POWER PLANTS PRICE FIXING PRICE OF OIL PRODUCERS PRODUCTION CAPACITY PRODUCTIVITY PROVEN OIL RESERVES PROVEN RESERVES REFINING RESERVES OF OIL SEDIMENTARY BASINS SUSTAINABLE DEVELOPMENT SUSTAINABLE ENERGY WELLS The 1998 lowest level of international oil prices, triggered Viet Nam's request for technical assistance, to not only evaluate the petroleum fiscal system in comparison to other countries' competitiveness in international oil contracts' best practice, but also to evaluate options for flexible gas production contracts, including fiscal incentives for oil, and gas development of economically marginal fields. Since this report was prepared, in early 1999, oil prices have risen, and, the Petroleum Law was amended by mid 2000, hence, a later report will discuss revisions, and evaluate the total fiscal package. Nonetheless, the analyses reveal Viet Nam's contractual terms, concluding the country deals effectively with variations in economic conditions resulting from water depths; but ineffectively in dealing with field sizes, essentially creating the situation for small fields to remain uneconomic; moreover, it does not deal specifically with variations in economic conditions: actually it strongly discourages the development of fields with low-well productivity, deep wells, or high facility costs; and, although the country adequately deals with high oil prices, it does not deal effectively with low oil prices, instead, this instantly creates prevailing, uneconomic oil fields. Enhancements for flexible oil, and gas contracts, suggest rate of return sliding scales, and formulas based on cumulative production. 2014-09-30T18:47:30Z 2014-09-30T18:47:30Z 2001-02 http://documents.worldbank.org/curated/en/2001/02/1047450/petroleum-fiscal-issues-policies-fluctuating-oil-prices-viet-nam http://hdl.handle.net/10986/20299 English en_US Energy Sector Management Assistance Programme (ESMAP);no. 236/01 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: ESMAP Paper Publications & Research East Asia and Pacific Vietnam |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BARRELS OF OIL CARBON CARBON DIOXIDE CRUDE OIL CRUDE OIL EXPORTS DISTRIBUTION CENTER DOMESTIC ENERGY DRILLING ECONOMIC CIRCUMSTANCES ECONOMIC CONDITIONS ECONOMISTS ELECTRICITY ELECTRICITY GENERATION ENERGY DEMAND ENERGY PLANNERS ENERGY PRACTICES FISCAL POLICIES FUEL FUEL OIL FUTURE ENERGY DEMAND GAS GAS ACTIVITIES GAS COMPANY GAS CONTRACTS GAS DEMAND GAS DEVELOPMENT GAS DISTRIBUTION GAS EXPLORATION GAS INDUSTRY GAS MARKET GAS MARKET DEVELOPMENT GAS MARKETING GAS POLICY GAS PRICES GAS PRICING GAS PRICING POLICY GAS PROCESSING GAS PRODUCTION GAS RESOURCES GAS SUPPLY GAS TRANSMISSION GAS TRANSMISSION AND DISTRIBUTION SYSTEM GOVERNMENT REGULATIONS HIGH LEVELS HIGH OIL PRICES HIGHER OIL PRICES HYDROCARBONS INCOME LIVING CONDITIONS LOW OIL PRICES NATURAL GAS NATURAL GAS PRODUCTION NATURAL GAS RESERVES OFFSHORE PETROLEUM OFFSHORE PETROLEUM OPERATIONS OIL OIL OIL AND GAS OIL AND GAS SECTOR OIL COMPANIES OIL EQUIVALENT OIL EXPLORATION OIL EXPORTS OIL FIELDS OIL PRICES OIL PRODUCTION OIL RESERVES PETROLEUM PETROLEUM PETROLEUM CONTRACTS PETROLEUM EXPLORATION PETROLEUM GAS PETROLEUM INDUSTRY PETROLEUM LAW PETROLEUM PRODUCTS PETROLEUM RESOURCES PIPELINE PIPELINES POVERTY ALLEVIATION POWER GENERATION POWER PLANTS PRICE FIXING PRICE OF OIL PRODUCERS PRODUCTION CAPACITY PRODUCTIVITY PROVEN OIL RESERVES PROVEN RESERVES REFINING RESERVES OF OIL SEDIMENTARY BASINS SUSTAINABLE DEVELOPMENT SUSTAINABLE ENERGY WELLS |
| spellingShingle |
BARRELS OF OIL CARBON CARBON DIOXIDE CRUDE OIL CRUDE OIL EXPORTS DISTRIBUTION CENTER DOMESTIC ENERGY DRILLING ECONOMIC CIRCUMSTANCES ECONOMIC CONDITIONS ECONOMISTS ELECTRICITY ELECTRICITY GENERATION ENERGY DEMAND ENERGY PLANNERS ENERGY PRACTICES FISCAL POLICIES FUEL FUEL OIL FUTURE ENERGY DEMAND GAS GAS ACTIVITIES GAS COMPANY GAS CONTRACTS GAS DEMAND GAS DEVELOPMENT GAS DISTRIBUTION GAS EXPLORATION GAS INDUSTRY GAS MARKET GAS MARKET DEVELOPMENT GAS MARKETING GAS POLICY GAS PRICES GAS PRICING GAS PRICING POLICY GAS PROCESSING GAS PRODUCTION GAS RESOURCES GAS SUPPLY GAS TRANSMISSION GAS TRANSMISSION AND DISTRIBUTION SYSTEM GOVERNMENT REGULATIONS HIGH LEVELS HIGH OIL PRICES HIGHER OIL PRICES HYDROCARBONS INCOME LIVING CONDITIONS LOW OIL PRICES NATURAL GAS NATURAL GAS PRODUCTION NATURAL GAS RESERVES OFFSHORE PETROLEUM OFFSHORE PETROLEUM OPERATIONS OIL OIL OIL AND GAS OIL AND GAS SECTOR OIL COMPANIES OIL EQUIVALENT OIL EXPLORATION OIL EXPORTS OIL FIELDS OIL PRICES OIL PRODUCTION OIL RESERVES PETROLEUM PETROLEUM PETROLEUM CONTRACTS PETROLEUM EXPLORATION PETROLEUM GAS PETROLEUM INDUSTRY PETROLEUM LAW PETROLEUM PRODUCTS PETROLEUM RESOURCES PIPELINE PIPELINES POVERTY ALLEVIATION POWER GENERATION POWER PLANTS PRICE FIXING PRICE OF OIL PRODUCERS PRODUCTION CAPACITY PRODUCTIVITY PROVEN OIL RESERVES PROVEN RESERVES REFINING RESERVES OF OIL SEDIMENTARY BASINS SUSTAINABLE DEVELOPMENT SUSTAINABLE ENERGY WELLS World Bank Petroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnam |
| geographic_facet |
East Asia and Pacific Vietnam |
| relation |
Energy Sector Management Assistance
Programme (ESMAP);no. 236/01 |
| description |
The 1998 lowest level of international
oil prices, triggered Viet Nam's request for technical
assistance, to not only evaluate the petroleum fiscal system
in comparison to other countries' competitiveness in
international oil contracts' best practice, but also to
evaluate options for flexible gas production contracts,
including fiscal incentives for oil, and gas development of
economically marginal fields. Since this report was
prepared, in early 1999, oil prices have risen, and, the
Petroleum Law was amended by mid 2000, hence, a later report
will discuss revisions, and evaluate the total fiscal
package. Nonetheless, the analyses reveal Viet Nam's
contractual terms, concluding the country deals effectively
with variations in economic conditions resulting from water
depths; but ineffectively in dealing with field sizes,
essentially creating the situation for small fields to
remain uneconomic; moreover, it does not deal specifically
with variations in economic conditions: actually it strongly
discourages the development of fields with low-well
productivity, deep wells, or high facility costs; and,
although the country adequately deals with high oil prices,
it does not deal effectively with low oil prices, instead,
this instantly creates prevailing, uneconomic oil fields.
Enhancements for flexible oil, and gas contracts, suggest
rate of return sliding scales, and formulas based on
cumulative production. |
| format |
Publications & Research :: ESMAP Paper |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Petroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnam |
| title_short |
Petroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnam |
| title_full |
Petroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnam |
| title_fullStr |
Petroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnam |
| title_full_unstemmed |
Petroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnam |
| title_sort |
petroleum fiscal issues and policies for fluctuating oil prices in vietnam |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/02/1047450/petroleum-fiscal-issues-policies-fluctuating-oil-prices-viet-nam http://hdl.handle.net/10986/20299 |
| _version_ |
1764437140101398528 |