Fiscal Regimes for Extractive Industries—Design and Implementation


Book Description

Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación







OPEC, The Gulf, And The World Petroleum Market


Book Description

This book gives information on the OPEC nations' changing roles in the world oil market as they expand to "downstream" activities. It provides an overview of the production capabilities and policies of major oil exporters and examines the refinery overcapacity crisis in the developed world.




USITC Publication


Book Description




Petroleum Investment Policies in Developing Countries


Book Description

Twelve chapters cover a wide variety of topics, including finance, contracts, political risk insurance, legal issues, economics, and technical cooperation. All treatment of these subjects focuses on conditions expected to exist in the mid 1990s. No subject index or bibliography. Annotation copyright




Uncaging Animal Spirits


Book Description

Uncaging Animal Spirits collects all of Landau's major papers from the last thirty years, covering his scientific discoveries, his views on innovation and entrepreneurship, his reflections on his own field of chemical engineering, and his research on the global marketplace, and on the relation of technology, innovation, and the economy. Chemical engineering has been one of the major high-tech growth industries of the post-World War II period, and one of the few in which U.S. companies have retained an international advantage over their competitors. As an engineer and entrepreneur, Ralph Landau played a large role in this success story. Uncaging Animal Spirits collects all of Landau's major papers from the last thirty years, covering his scientific discoveries, his views on innovation and entrepreneurship, his reflections on his own field of chemical engineering, and his research on the global marketplace, and on the relation of technology, innovation, and the economy. The emphasis throughout is on Landau's view of the status of entrepreneurship in the United States, as tempered by his experience in an international business and his many attempts to get the federal government to think seriously about its role in creating a reasonable playing field for entrepreneurs. As Landau developed his business, he became increasingly concerned about the extent to which government officials misunderstood (or didn't care about) the needs of technology-based industries and the relationship between technology and economic growth. When he sold his company in the early 1980s, Landau took on the task of educating himself in economic theory and educating economists, policy makers, and the government about this crucial relationship. He has established centers at Stanford and Harvard to focus attention on issues of technology and the economy.




Perspectives on International Law


Book Description

In the spirit of the 50th anniversary of the United Nations and the United Nations Decade of International Law, the contributors to Perspectives on International Law honour with this legal treatise a devoted friend of the United Nations and international law, Judge Manfred Lachs - a noted judge, diplomat, humanist and, above all, teacher. The work includes a variety of perspectives on international law relating to what were Judge Lachs' four main areas of interest: the theory and practice of international law, the United Nations, the World Court, and space law. The book meets the need for a reference work covering selected subject areas and providing different perspectives on some of the key issues of current concern. Many eminent experts in various fields related to international law, including Judges of the International Court of Justice, diplomats, and professors of law - most of whom knew Judge Lachs personally - have contributed. Each chapter has been prepared specifically for the book. The contributors represent all political, legal and cultural regions of the world and provide a range of backgrounds and viewpoints, offering a variety of new ideas for strengthening international law, based on their assessment of the lessons of the past.







Oil Trading Manual


Book Description

The Oil Trading Manual (OTM) provides a unique and comprehensive reference source to the latest developments in the structure and conduct of the international oil markets including: - Physical characteristics and refining - Oil pricing arrangements - Physical oil markets - Forward and futures contracts - Options and swaps - Operations and logistics - Accounting and taxation - Controlling financial risk - Legal and regulatory controlOTM provides a unique and comprehensive reference source to the structure and conduct of the international oil markets. The manual covers all the major oil trading instruments and their applications; the trading centres, contracts, uses and users of both the physical and the terminal oil markets, and their administrative, management, tax, and accounting implications. It also includes vital information on changes to the international legal and regulatory structures. The manual is divided into three complementary parts; Characteristics An introduction to oil and oil trading, and includes material on the nature of oil as a commodity, refinery processes and the different ways in which oil is priced. Instruments and markets Deals with the oil market itself taking each segment in turn, explaining how the various trading instruments work and describing the markets that have evolved to trade them. It starts with the physical oil markets, moving on to forward and futures markets, followed by options and swaps. Administration Covers the essential 'back-room' activities without which oil trading could not continue. It includes practical material on operations and logistics, credit control, accounting, taxation, contracts and regulation, and controlling financial risk, providing a unique guide to the subject. Compiled from the contributions of a range of internationally respected professionals, it is the indispensable practical companion for all those involved with trading in this complex commodity. Revised and updated 2003