Publication:
Petroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnam

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-09-30T18:47:30Z
dc.date.available2014-09-30T18:47:30Z
dc.date.issued2001-02
dc.description.abstractThe 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/02/1047450/petroleum-fiscal-issues-policies-fluctuating-oil-prices-viet-nam
dc.identifier.doi10.1596/20299
dc.identifier.urihttps://hdl.handle.net/10986/20299
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesEnergy Sector Management Assistance Programme (ESMAP);no. 236/01
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectBARRELS OF OIL
dc.subjectCARBON
dc.subjectCARBON DIOXIDE
dc.subjectCRUDE OIL
dc.subjectCRUDE OIL EXPORTS
dc.subjectDISTRIBUTION CENTER
dc.subjectDOMESTIC ENERGY
dc.subjectDRILLING
dc.subjectECONOMIC CIRCUMSTANCES
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMISTS
dc.subjectELECTRICITY
dc.subjectELECTRICITY GENERATION
dc.subjectENERGY DEMAND
dc.subjectENERGY PLANNERS
dc.subjectENERGY PRACTICES
dc.subjectFISCAL POLICIES
dc.subjectFUEL
dc.subjectFUEL OIL
dc.subjectFUTURE ENERGY DEMAND
dc.subjectGAS
dc.subjectGAS ACTIVITIES
dc.subjectGAS COMPANY
dc.subjectGAS CONTRACTS
dc.subjectGAS DEMAND
dc.subjectGAS DEVELOPMENT
dc.subjectGAS DISTRIBUTION
dc.subjectGAS EXPLORATION
dc.subjectGAS INDUSTRY
dc.subjectGAS MARKET
dc.subjectGAS MARKET DEVELOPMENT
dc.subjectGAS MARKETING
dc.subjectGAS POLICY
dc.subjectGAS PRICES
dc.subjectGAS PRICING
dc.subjectGAS PRICING POLICY
dc.subjectGAS PROCESSING
dc.subjectGAS PRODUCTION
dc.subjectGAS RESOURCES
dc.subjectGAS SUPPLY
dc.subjectGAS TRANSMISSION
dc.subjectGAS TRANSMISSION AND DISTRIBUTION SYSTEM
dc.subjectGOVERNMENT REGULATIONS
dc.subjectHIGH LEVELS
dc.subjectHIGH OIL PRICES
dc.subjectHIGHER OIL PRICES
dc.subjectHYDROCARBONS
dc.subjectINCOME
dc.subjectLIVING CONDITIONS
dc.subjectLOW OIL PRICES
dc.subjectNATURAL GAS
dc.subjectNATURAL GAS PRODUCTION
dc.subjectNATURAL GAS RESERVES
dc.subjectOFFSHORE PETROLEUM
dc.subjectOFFSHORE PETROLEUM OPERATIONS
dc.subjectOIL
dc.subjectOIL
dc.subjectOIL AND GAS
dc.subjectOIL AND GAS SECTOR
dc.subjectOIL COMPANIES
dc.subjectOIL EQUIVALENT
dc.subjectOIL EXPLORATION
dc.subjectOIL EXPORTS
dc.subjectOIL FIELDS
dc.subjectOIL PRICES
dc.subjectOIL PRODUCTION
dc.subjectOIL RESERVES
dc.subjectPETROLEUM
dc.subjectPETROLEUM
dc.subjectPETROLEUM CONTRACTS
dc.subjectPETROLEUM EXPLORATION
dc.subjectPETROLEUM GAS
dc.subjectPETROLEUM INDUSTRY
dc.subjectPETROLEUM LAW
dc.subjectPETROLEUM PRODUCTS
dc.subjectPETROLEUM RESOURCES
dc.subjectPIPELINE
dc.subjectPIPELINES
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOWER GENERATION
dc.subjectPOWER PLANTS
dc.subjectPRICE FIXING
dc.subjectPRICE OF OIL
dc.subjectPRODUCERS
dc.subjectPRODUCTION CAPACITY
dc.subjectPRODUCTIVITY
dc.subjectPROVEN OIL RESERVES
dc.subjectPROVEN RESERVES
dc.subjectREFINING
dc.subjectRESERVES OF OIL
dc.subjectSEDIMENTARY BASINS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSUSTAINABLE ENERGY
dc.subjectWELLS
dc.titlePetroleum Fiscal Issues and Policies for Fluctuating Oil Prices in Vietnamen
dspace.entity.typePublication
okr.date.disclosure2001-02-28
okr.date.doiregistration2025-05-05T12:50:28.810482Z
okr.doctypePublications & Research::ESMAP Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2001/02/1047450/petroleum-fiscal-issues-policies-fluctuating-oil-prices-viet-nam
okr.globalpracticeWater
okr.globalpracticeEnergy and Extractives
okr.guid674121468780346937
okr.identifier.externaldocumentum000094946_01032805521265
okr.identifier.internaldocumentum1047450
okr.identifier.reportESM236
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2001/04/07/000094946_01032805521265/Rendered/PDF/multi0page.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryViet Nam
okr.sectorPublic Administration, Law, and Justice :: Public administration- Energy and mining
okr.sectorEnergy and mining :: Oil and gas
okr.topicEnergy::Energy Demand
okr.topicEnergy::Energy and Environment
okr.topicWater Resources::Water and Industry
okr.topicOil Refining and Gas Industry
okr.topicEnvironmental Economics and Policies
okr.unitEnergy Policy & Strategy Divisin
okr.volume1
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