Oil Industry Special Fund as of December 31, 1980 PDF Download

Author: Philippines. Ministry of Energy
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 44

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Author: John Ise
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 602

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"Published on the William McKean Brown Memorial Publication Fund." Bibliographical "notes" at end of each chapter.

Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 48

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Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 72

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Author: Adoracion M. Navarro
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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The recent calls for the revival of the Oil Price Stabilization Fund (OPSF) are tantamount to a call for a policy reversal, that is, reversal of the downstream oil industry deregulation that began in 1998. The history of the OPSF presents important lessons for policymakers. Petroleum price setting by fiat and using a price stabilization fund to smooth the price resulted in mismatches between payments to the fund and claims against it. The general public then ended up subsidizing oil consumers through subsidies from the national budget. When faced with political pressures, policymakers also lacked discipline in sticking to the price stabilization purpose of the OPSF, such as failing to implement the increase in the regulated price when the magnitude was large and allowing the use of the fund for something not directly related to price stabilization. Settling the legal challenges to OPSF credits and payments with finality also took time. Price distortion also resulted in cross-subsidization that created mismatches between demand and environmental objectives. Although there remain a few countries that have price stabilization funds, all of them are finding it hard to sustain funds operation and dealing with large deficits. Besides, the general direction of reforms globally is to remove fossil fuel subsidies. [...].

Author: Silvana Tordo
Publisher: World Bank Publications
ISBN: 0821388312
Category : Business & Economics
Languages : en
Pages : 149

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National Oil Companies (NOCs) directly or indirectly control the majority of oil and gas reserves. As such, they are of great consequence to their country's economy, to importing countries' energy security, and to the stability of oil and gas markets. The paper analyzes the available evidence on the objectives, governance and performance of 20 NOCs from both net importing and net exporting countries, and draws conclusions about the design of policies and measures that are more likely to lead to social value creation. NOCs differ from private companies on a number of very important variables, including the level of competition in the market in which they operate, their business profile along the sector value chain, and their degree of commercial orientation and internationalization. Most share some core characteristics: they are usually tied to the 'national purpose' and serve political and economic goals other than maximizing the firm's profits. This paper introduces a conceptual model to analyze value creation by NOCs that takes into consideration their complex objective function. Our analysis aims to answer the following questions: Are certain corporate governance arrangements more suited than others to promote value creation? Is good geology a pre-condition for NOC value creation? Are there benefits from exposing the NOC to competition from private oil companies? Does the development of forward and backward linkages hamper NOC value creation?

Author: Petroleum Industry Research Foundation
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 136

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Author: Philip Daniel
Publisher: Routledge
ISBN: 1136966951
Category : Business & Economics
Languages : en
Pages : 471

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Oil, gas and mineral deposits are a substantial part of the wealth of many countries, not least in developing and emerging market economies. Harnessing some part of that wealth for fiscal purposes is critical for economic development: in few areas of economic life are the returns to good policy so large, or mistakes so costly.

Author: Mr.Tokhir N Mirzoev
Publisher: International Monetary Fund
ISBN: 1513525905
Category : Business & Economics
Languages : en
Pages : 55

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The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

Author: Texas
Publisher:
ISBN:
Category : Natural resources
Languages : en
Pages : 588

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