Book

Balancing Petroleum Policy : Toward Value, Sustainability, and Security

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collection.link.129
https://openknowledge.worldbank.org/handle/10986/5993
collection.name.129
Stand alone books
dc.contributor.author
Huurdeman, Alexander
dc.contributor.author
Rozhkova, Anastasiya
dc.contributor.editor
Huurdeman, Alexander
dc.contributor.editor
Rozhkova, Anastasiya
dc.contributor.other
Anderson, George R.M.
dc.contributor.other
Beardsworth, John J., Jr.
dc.contributor.other
Chikkatur, Ananth P.
dc.contributor.other
Farooki, Masuma
dc.contributor.other
Halland, Håvard
dc.contributor.other
Holle, Armand
dc.contributor.other
Jarvis, Michael
dc.contributor.other
McPherson, Charles P.
dc.contributor.other
Morris, Mike
dc.contributor.other
Nyheim, David
dc.contributor.other
Ossowski, Rolando
dc.contributor.other
Rodriguez, Fernando D.
dc.contributor.other
Stuart, Matthew A.
dc.date.accessioned
2019-05-01T15:08:16Z
dc.date.available
2019-05-01T15:08:16Z
dc.date.issued
2019-05-01
dc.date.lastModified
2021-04-23T14:05:06Z
dc.description.abstract
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.
en
dc.identifier
http://documents.worldbank.org/curated/en/326461556725810981/Balancing-Petroleum-Policy-Toward-Value-Sustainability-and-Security
dc.identifier
http://documents.worldbank.org/curated/en/326461556725810981/Balancing-Petroleum-Policy-Toward-Value-Sustainability-and-Security
dc.identifier.isbn
978-1-4648-1384-9
dc.identifier.uri
http://hdl.handle.net/10986/31594
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
PETROLEUM
dc.subject
OIL
dc.subject
GAS
dc.subject
RESOURCE-RICH
dc.subject
POLICY
dc.subject
FEDERATION
dc.subject
FRAGILE
dc.subject
REVENUE
dc.subject
OWNERSHIP
dc.subject
VALUE CHAIN
dc.subject
LEGISLATIVE FRAMEWORK
dc.subject
FISCAL POLICY
dc.subject
RISK MANAGEMENT
dc.subject
TRANSPARENCY
dc.subject
ENVIRONMENTAL IMPACT
dc.subject
SOCIAL IMPACT
dc.subject
INDUSTRIAL DEVELOPMENT
dc.subject
CONFLICT-AFFECTED STATES
dc.title
Balancing Petroleum Policy
en
dc.title.subtitle
Toward Value, Sustainability, and Security
en
dc.type
Book
en
okr.crossref.title
Balancing Petroleum Policy: Toward Value, Sustainability, and Security
okr.date.disclosure
2019-05-01
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.docurl
http://documents.worldbank.org/curated/en/326461556725810981/Balancing-Petroleum-Policy-Toward-Value-Sustainability-and-Security
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1384-9
okr.identifier.internaldocumentum
211384
okr.identifier.report
136503
okr.imported
true
en
okr.language.supported
en
okr.region.administrative
Africa
okr.region.country
Nigeria
okr.region.country
Norway
okr.region.country
Somalia
okr.region.country
Timor-Leste
okr.region.geographical
Sub-Saharan Africa
okr.topic
Conflict and Development :: Conflict and Fragile States
okr.topic
Energy :: Energy Policies & Economics
okr.topic
Energy :: Energy and Environment
okr.topic
Energy :: Oil & Gas
okr.topic
Macroeconomics and Economic Growth :: Taxation & Subsidies
okr.unit
Energy and Extractives Global Practice

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