Balancing Petroleum Policy : Toward Value, Sustainability, and Security

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 f...

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Main Authors:	Huurdeman, Alexander, Rozhkova, Anastasiya
Format:	Book
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	PETROLEUM OIL GAS RESOURCE-RICH POLICY FEDERATION FRAGILE REVENUE OWNERSHIP VALUE CHAIN LEGISLATIVE FRAMEWORK FISCAL POLICY RISK MANAGEMENT TRANSPARENCY ENVIRONMENTAL IMPACT SOCIAL IMPACT INDUSTRIAL DEVELOPMENT CONFLICT-AFFECTED STATES
Online Access:	http://documents.worldbank.org/curated/en/326461556725810981/Balancing-Petroleum-Policy-Toward-Value-Sustainability-and-Security http://documents.worldbank.org/curated/en/326461556725810981/Balancing-Petroleum-Policy-Toward-Value-Sustainability-and-Security http://hdl.handle.net/10986/31594

id	okr-10986-31594
recordtype	oai_dc
spelling	okr-10986-315942021-04-23T14:05:06Z Balancing Petroleum Policy : Toward Value, Sustainability, and Security Huurdeman, Alexander Rozhkova, Anastasiya Huurdeman, Alexander Rozhkova, Anastasiya Anderson, George R.M. Beardsworth, John J., Jr. Chikkatur, Ananth P. Farooki, Masuma Halland, Håvard Holle, Armand Jarvis, Michael McPherson, Charles P. Morris, Mike Nyheim, David Ossowski, Rolando Rodriguez, Fernando D. Stuart, Matthew A. PETROLEUM OIL GAS RESOURCE-RICH POLICY FEDERATION FRAGILE REVENUE OWNERSHIP VALUE CHAIN LEGISLATIVE FRAMEWORK FISCAL POLICY RISK MANAGEMENT TRANSPARENCY ENVIRONMENTAL IMPACT SOCIAL IMPACT INDUSTRIAL DEVELOPMENT CONFLICT-AFFECTED STATES 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. It also offers important perspectives on how to prevent violent conflicts related to such resources. Petroleum policies tend to vary significantly from country to country, as do the objectives that such policies aim to achieve in the specific context of each particular country. Although there is no one-size-fits-all policy and there are no clear-cut answers to the many potential policy dilemmas associated with the discovery of petroleum resources, this publication may help policy makers find the right balance among the chosen objectives—and the right policy choices to achieve these objectives. 2019-05-01T15:08:16Z 2019-05-01T15:08:16Z 2019-05-01 Book http://documents.worldbank.org/curated/en/326461556725810981/Balancing-Petroleum-Policy-Toward-Value-Sustainability-and-Security http://documents.worldbank.org/curated/en/326461556725810981/Balancing-Petroleum-Policy-Toward-Value-Sustainability-and-Security 978-1-4648-1384-9 http://hdl.handle.net/10986/31594 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Publication Africa Sub-Saharan Africa Nigeria Norway Somalia Timor-Leste
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	PETROLEUM OIL GAS RESOURCE-RICH POLICY FEDERATION FRAGILE REVENUE OWNERSHIP VALUE CHAIN LEGISLATIVE FRAMEWORK FISCAL POLICY RISK MANAGEMENT TRANSPARENCY ENVIRONMENTAL IMPACT SOCIAL IMPACT INDUSTRIAL DEVELOPMENT CONFLICT-AFFECTED STATES
spellingShingle	PETROLEUM OIL GAS RESOURCE-RICH POLICY FEDERATION FRAGILE REVENUE OWNERSHIP VALUE CHAIN LEGISLATIVE FRAMEWORK FISCAL POLICY RISK MANAGEMENT TRANSPARENCY ENVIRONMENTAL IMPACT SOCIAL IMPACT INDUSTRIAL DEVELOPMENT CONFLICT-AFFECTED STATES Huurdeman, Alexander Rozhkova, Anastasiya Balancing Petroleum Policy : Toward Value, Sustainability, and Security
geographic_facet	Africa Sub-Saharan Africa Nigeria Norway Somalia Timor-Leste
description	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. It also offers important perspectives on how to prevent violent conflicts related to such resources. Petroleum policies tend to vary significantly from country to country, as do the objectives that such policies aim to achieve in the specific context of each particular country. Although there is no one-size-fits-all policy and there are no clear-cut answers to the many potential policy dilemmas associated with the discovery of petroleum resources, this publication may help policy makers find the right balance among the chosen objectives—and the right policy choices to achieve these objectives.
author2	Huurdeman, Alexander
author_facet	Huurdeman, Alexander Huurdeman, Alexander Rozhkova, Anastasiya
format	Book
author	Huurdeman, Alexander Rozhkova, Anastasiya
author_sort	Huurdeman, Alexander
title	Balancing Petroleum Policy : Toward Value, Sustainability, and Security
title_short	Balancing Petroleum Policy : Toward Value, Sustainability, and Security
title_full	Balancing Petroleum Policy : Toward Value, Sustainability, and Security
title_fullStr	Balancing Petroleum Policy : Toward Value, Sustainability, and Security
title_full_unstemmed	Balancing Petroleum Policy : Toward Value, Sustainability, and Security
title_sort	balancing petroleum policy : toward value, sustainability, and security
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/326461556725810981/Balancing-Petroleum-Policy-Toward-Value-Sustainability-and-Security http://documents.worldbank.org/curated/en/326461556725810981/Balancing-Petroleum-Policy-Toward-Value-Sustainability-and-Security http://hdl.handle.net/10986/31594
_version_	1764474684317892608

Balancing Petroleum Policy : Toward Value, Sustainability, and Security

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