Balancing petroleum policy

Provides the basic knowledge that policy makers and stakeholders need to embark on the task of petroleum sector policy formulation. While much of the material is pertinent to designing petroleum policies in general, special focus is given to the context of developing countries and fragile countries.

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Petroleum discovery challenges policy makers to translate resources into equitable, sustainable, and long-term national growth. Balancing Petroleum Policy provides policy makers and other stakeholders with needed basic sector-related knowledge. It introduces the petroleum value chain, how to envision key petroleum development objectives, legislative and contractual framework design, administration and management of petroleum fiscal regimes, transparency and governance, environmental and social safeguards, and economic diversification through industrial linkages. The book focuses on developing countries and those in civil conflict. The book examines three policy-central questions: ownership, management, and revenue sharing of petroleum resources. Context-specific in its approach, the book offers valuable perspectives on how to prevent violent conflicts related to such resources