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Title Balancing petroleum policy : toward value, sustainability, and security / Alexander Huurdeman and Anastasiya Rozhkova, editors
Published Washington, DC : World Bank Group, [2019]

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Description 1 online resource
Series Online access: World Bank World Bank Open Knowledge Repository
Contents Front Cover; Contents; Preface and Acknowledgments; Contributors; Abbreviations; Introduction; Chapter 1. The Petroleum Value Chain and Governmental Policies: An Overview; 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; 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; 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; 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; Chapter 5. Petroleum Fiscal Administration in Developing Countries; 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; Introduction; Complications of Fiscal Management in Resource-Rich Countries; Fiscal Policy and Short-Run Stabilization
Managing Fiscal Risks and VulnerabilitiesPromoting Sustainability; Public Financial Management, Public Investment Management, and Fiscal Transparency; Medium-Term Expenditure Frameworks; Fiscal Rules; Resource Funds; Summary and Conclusions; Notes; References; Chapter 7. Transparency in the Petroleum Sector: The Importance of Information and Clear Processes for Effective Development in Fragile Contexts; 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; 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
Summary 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. 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
Bibliography Includes bibliographical references
Notes Online resource; title from PDF title page (EBSCO, viewed May 22, 2019)
Subject Petroleum -- Government policy
Petroleum industry and trade -- Government policy
Petroleum law and legislation.
BUSINESS & ECONOMICS -- Industries -- General.
Petroleum law and legislation
Petroleum industry and trade -- Government policy
Petroleum -- Government policy
Form Electronic book
Author Huurdeman, Alexander, editor
Rozhkova, Anastasiya, editor
ISBN 9781464813856
146481385X
1464813841
9781464813849