Tag Archives: oil and gas management

Refining Crude Oil – Part 2

Refining is a capital-intensive industry in a market driven by divergent forces—cleaner fuelsto address local air pollution; greater fuel efficiency against the backdrop of record oil prices; and steadily rising consumption of transportation fuels due to rising income, especially in developing countries. Part 2 of the briefing notes on refining discusses these topics and other … Continue reading

Oil Revenue Not Likely Until 2013

COMMERCE ministers from the Mekong region will be warned today at a major conference that countries must  boost trade and transport sector reforms if they hope to boost intraregional trade and reduce reliance on ailing external trade partners. Arjun Thapan, director general of the Southeast Asia department of the Asian Development Bank (ADB), which is … Continue reading

Contracts for Petroleum Development – Part 1

In virtually every country around the world, petroleum resources in the ground are considered the property of the state. Whether and how the country’s petroleum resources are developed, and how much revenue will flow to the government, depend on the nature of contracts signed between the government and the investor. This briefing note, the first … Continue reading

Oil Resource Holds Hope for Cambodia’s Future Wealth

The impending development of off shore oil fields discovered in Cambodia’s territorial waters, and continuing onshore exploration, may herald big changes to the country’s economy. A joint ADB and World Bank Oil and Gas Mission visited Cambodia recently. During their visit the World Bank Newsletter had the opportunity to interview Ms Masami Kojima, Lead Energy … Continue reading