00000cmm a22000004a 4500 UP-99796217611000831 Buklod 20131127155443.0 aa r ||| u ta 020129s2013 dcu o u i eng d 9780821399347 9780821399316 (iLib)UPD-00206905892 DLC DECON eng HD 9560.6 T67 2013eb Tordo, Silvana Local content policies in the oil and gas sector [electronic resource] Tordo, Silvana. Washington, D.C. The World Bank 2013 1 online resource (173 p.) World Bank Studies IP based access, on campus and remote access. Access via UP School of Economics Library (World Bank Online Resource Center) website. A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals. One important theme of such policies is the so-called local content created by the sector?the extent to which the output of the extractive industry sector generates further benefits to the economy beyond the direct contribution of its value-added, through its links to other sectors. While local content policies have the potential to stimulate broad-based economic development, their application in petroleum-rich countries has achieved mixed results. This paper describes the policies and practices meant to foster the development of economic linkages from the petroleum sector, as adopted by a number of petroleum-producing countries both in and outside the Organisation for Economic Co-operation and Development. Examples of policy objectives, implementation tools, and reporting metrics are provided to derive lessons of wider applicability. The paper presents various conclusions for policy makers about the design of local content policies. Electronic reproduction. Washington, D.C. World Bank. Available via World Wide Web. Petroleum industry and trade. Electronic books. Anouti, Yahya. Manzano, Osmel. Tordo, Silvana. Warner, Michael. Print Version 9780821399316. World Bank e-Library. World Bank Studies Available for University of the Philippines - Diliman via World Bank eLibrary. Click here to access https://openknowledge.worldbank.org/handle/10986/15930 (viewed 25 April 2014) FO Monograph UPD DECON Electronic Resource