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Tag Archives: Oil exploration
Contracts for Petroleum Development – Part 3
The flows of oil revenues are quite complex. This note presents the results of two hypothetical simulations — one a progressive production sharing regime and the other regressive – to illustrate qualitatively how they affect the amount and timing of … Continue reading
Posted in Oil and gas
Tagged Oil and gas, oil drilling, Oil exploration, oil industry, Oil management
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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, … Continue reading
Posted in Oil and gas
Tagged oil and gas management, Oil exploration, oil price, petroleum drilling, petroleum industry
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Vietnam’s petroleum company met Sok An
On Monday, a delegation from Vietnam’s state-owned petroleum company Vietnam Oil met with Deputy Prime Minister and Minister of Council of Ministers to make discussion over oil exploration in Cambodia soil. According to the hand-written statement by the council, Dinh … Continue reading
Country Experience with EITI – Part 2
TA dedicated website, appointment of a former Minister of Finance as the overall coordinator, a petroleum law requiring revenue disclosure, and a decree establishing a multi-stakeholder committee are some of the ways that the countries that have endorsed the Extractive … Continue reading
Country Experience with EITI – Part 1
Twenty-seven countries are at various stages of implementing the Extractive Industries Transparency Initiative (EITI). One of the earliest implementers, Nigeria, estimates that EITI helped increase petroleum revenues to the government by US$ 1 billion in 2004 and 2005. This note … Continue reading
Avoiding the Resource Curse
Many resource-rich countries have fallen prey to the natural resource curse [1]. But a handful of developing countries have managed to escape it. This note examines four resource-rich countries and the policies they have followed since the beginning of the … Continue reading