Title Balancing Petroleum Policy
Subtitle Toward Value, Sustainability, and Security
Author Alexander Huurdeman, Anastasiya Rozhkova
ISBN 9781464813849
List price USD 45.00
Price outside India Available on Request
Original price
Binding Paperback
No of pages 300
Book size 178 x 254 mm
Publishing year 2019
Original publisher The World Bank
Published in India by .
Exclusive distributors Viva Books Private Limited
Sales territory India, Sri Lanka, Bangladesh, Pakistan, Nepal, .
Status New Arrival
About the book Send Enquiry
  
 

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.


Contents:

Preface and Acknowledgments

Contributors

Abbreviations

Introduction

Chapter 1: The Petroleum Value Chain and Governmental Policies: An Overview (Armand Holle, Alexander Huurdeman, and Anastasiya Rozhkova) • The Petroleum Value Chain • Measuring Value Creation • Creating Value • Sector-Specific Policies • Cross-Sector Policies • Conclusion • Notes • References • Other Resources

Chapter 2: Planning for the Development of a Petroleum Sector (Ananth P. Chikkatur) • Introduction • Creating a Petroleum Master Plan: An Overview • The Petroleum Master Plan Process • Content of a Petroleum Master Plan • Decision Making and the Petroleum Master Plan Roadmap • Conclusion • Notes • References

Chapter 3: Petroleum Legislative Frameworks and Contracts in a Federation: Issues for Constitutions, Petroleum Laws, Regulations, and Contracts (John J. Beardsworth Jr. and Matthew A. Stuart) • Introduction • Legislative Frameworks for Petroleum in a Federation • Petroleum Agreements and Fiscal Regimes • Summary and Conclusions • Notes • Reference • Other Resources

Chapter 4: Petroleum Fiscal Regimes in Developing Countries (Charles P. McPherson) • Introduction • Special Characteristics of Petroleum Exploration and Exploitation • Fiscal Regime Objectives • Fiscal Instruments • Fiscal Packages • Fiscal Regime Evaluations • Special Fiscal Topics • Fiscal Stabilization • Summary and Conclusions • Notes • References • Other Resource

Chapter 5: Petroleum Fiscal Administration in Developing Countries (Charles P. McPherson) • Introduction • Relevance and Challenges • Routine Functions • Nonroutine Functions • Informational Requirements • Fiscal Regime Design and Administration • Institutional Issues • Building Capacity • Summary and Conclusions • Notes • References • Other Resources

Chapter 6: Key Aspects of Fiscal Management in Resource-Rich Countries (Rolando Ossowski and Håvard Halland) • Introduction • Complications of Fiscal Management in Resource-Rich Countries • Fiscal Policy and Short-Run Stabilization • Managing Fiscal Risks and Vulnerabilities • Promoting Sustainability • Public Financial Management, Public Investment Management, and Fiscal Transparency • Medium-Term Expenditure Frameworks • Fiscal Rules • Resource Funds • Summary and Conclusions • Notes • References • Other Resources

Chapter 7: Transparency in the Petroleum Sector: The Importance of Information and Clear Processes for Effective Development in Fragile Contexts (Michael Jarvis) • Introduction • Transparency: What Is It and Why Is It Important? • Transparency across the Value Chain • The Global Transparency Movement and the Extractive Industries Transparency Initiative • Potential Limitations or Unintended Consequences of Transparency • Conclusion • Notes • References • Other Resources

Chapter 8: Managing Environmental and Social Impacts of the Petroleum Sector: Using Environmental and Social Assessment toward More Sustainable Development (Fernando D. Rodriguez) • Introduction • Typical Environmental and Social Impacts of Oil and Gas Development • Environmental and Social Impact Assessment: Core Components • Strategic Environmental and Social Assessment: An Opportunity • Key Institutional, Legislative, and Contractual Requirements • Public Participation, Transparency, Mutual Accountability, and Data • Summary and Key Recommendations • Notes • References • Other Resources

Chapter 9: Understanding Commodities, Linkages, and Industrial Development in Africa: Developing a Conceptual Framework (Mike Morris and Masuma Farooki) • Introduction • The Conventional Wisdom • Commodities, Global Value Chains, and Outsourcing • An Overview of Linkage Development • The Role of Government and Local Productive Policy • Conclusion • References • Other Resources

Chapter 10: Ownership, Management, and Revenue Sharing of Petroleum Resources in Federal and Devolved Regimes (George R. M. Anderson) • Introduction • Ownership • Management • Petroleum Revenue Sharing and the Fiscal Architecture of Federations • Good Governance and Fiscal Probity • Summary Observations and Some Recommendations • Notes • References • Other Resources

Chapter 11: Petroleum Development and Conflict Prevention Strategies (David Nyheim) • Introduction • Governance, Context, and Corporate-Driven Vulnerabilities to Petroleum-Related Violent Conflict • The Resource Curse and Rentier State • Contextual Vulnerabilities • Corporate-Driven Vulnerabilities • Implications for Conflict Prevention • Strategies for Preventing Petroleum-Related Violent Conflict • Evidencing and Framing a Preventive Strategy • Getting the Politics and Policy Right • The Toolbox for Prevention • The Role of Oil and Gas Companies in Preventing Violent Conflict • Summary and Conclusions • Notes • References • Other Resource

Boxes

Figures

Map

Tables


About the Editors:

Alexander Huurdeman is a senior oil and gas expert at the World Bank with over 35 years of global experience in the oil and gas sector. He is responsible for the World Bank’s oil and gas programs in parts of East Africa and the Middle East, leading preparation and negotiation of financial instruments for oil and gas infrastructure. He is also responsible for major petroleum sector policy initiatives and advice to governments. Prior to that, he held technical, commercial, and senior management positions in Shell International Exploration and Production in the Middle East, Europe, North Africa, and Asia. He graduated as a mining and petroleum engineer from Delft University of Technology in the Netherlands.

Anastasiya Rozhkova is a petroleum consultant and researcher. She is a former staff member of the World Bank, where for 15 years she primarily worked on petroleum policy and legal framework issues with a focus on adapting best practices in resource-rich transitional and developing countries. Her special interests include petroleum environmental regulations, companies’ corporate policies and practices, infrastructure access, and petroleum fiscal designs. She has advised governments in Central Asia, Europe, Latin America, and the Pacific region. Prior to joining the World Bank, she worked for Cambridge Energy Research Associates, an energy consulting firm, focusing on petroleum sector and macroeconomic developments in the Russian Federation and in Central Asian countries. She holds an MSc in economics from Moscow State University and a degree in economics from the London School of Economics.


Target Audience:

This book is intended for policy makers and other stakeholders and anyone interested in oil, gas and petroleum policies.

 
Special prices are applicable to the authorised sales territory only.
Prices are subject to change without prior notice.