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dc.contributor.authorAsiago Berryl Claire
dc.date.accessioned2018-02-06T09:46:39Z
dc.date.available2018-02-06T09:46:39Z
dc.date.issued2017
dc.identifier.urihttps://erepo.uef.fi/handle/123456789/5824
dc.description.abstractRegulatory interventions, such as Local Content (LC) requirements, have been incorporated to counter market forces to maximise petroleum revenues. This has been undertaken with the hypothesis that the governments of petroleum-producing countries depend heavily on petroleum sectors for development, yet energy markets inadequately allocate these resources. Thus, governments revise existing, and often out-of-date, petroleum laws and introduce new petroleum legislation to specifically promote socio-economic objectives. This article explores the key legislative instruments of LC as developed and implemented in the oil and gas sectors both from developed and developing countries’ perspectives. In assessing the overall policy approach, this article evaluates instruments used to secure Local Content requirements in the oil and gas industry. In conclusion, governments must identify appropriate frameworks that consider the political and regulatory challenge of striking a balance between incentivising upstream investors and fulfilling national interests, such as creating jobs.en
dc.language.isoENen
dc.publisherMDPI AGen
dc.relation.ispartofseriesResourcesen
dc.relation.urihttp://dx.doi.org/10.3390/resources6030046en
dc.rightsCC BY http://creativecommons.org/licenses/by/4.0/en
dc.subjectpetroleum regimeen
dc.subjectLocal Content Requirementsen
dc.subjectregulationen
dc.subjectnatural resourcesen
dc.subjectNorwayen
dc.subjectNigeriaen
dc.subjectAngolaen
dc.titleRules of Engagement: A Review of Regulatory Instruments Designed to Promote and Secure Local Content Requirements in the Oil and Gas Sectoren
dc.description.versionpublished versionen
dc.contributor.departmentDepartment of Law, activitiesen
uef.solecris.id52283599en
dc.type.publicationinfo:eu-repo/semantics/articleen
dc.rights.accessrights© Authoren
dc.relation.doi10.3390/resources6030046en
dc.description.reviewstatuspeerRevieweden
dc.relation.articlenumber46
dc.relation.issn2079-9276en
dc.relation.issue3en
dc.relation.volume6en
dc.rights.accesslevelopenAccessen
dc.type.okmA1en
dc.type.versioninfo:eu-repo/semantics/publishedVersionen
uef.solecris.openaccessOpen access -julkaisukanavassa ilmestynyt julkaisu


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