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Full Description
This book explores the development and effective implementation of local content policies in the global petroleum industry, providing a comprehensive overview of the foundations and drivers of local content in oil and gas. Against the backdrop of a growing focus on sustainable development and economic diversification, this comprehensive book addresses the challenges and opportunities of increasing local participation in the oil and gas sector. The book navigates complex topics such as regulatory frameworks, stakeholder engagement, indigenous rights, capacity building, and the intersection of local content with sustainability and gender equality. Through detailed case studies and global examples, the book identifies obstacles such as funding, resource curse, corruption, transparency, strategic planning and adherence to international standards and regulations, while also exploring the critical role of local content in the energy transition and circular economy. The book not only enriches academic discourse but also serves as a pragmatic guide to aligning local development goals with global industry demands. The book links national development aspirations with global industrial realities, offering a practical guide to successful local content policy development and execution. Offering a practical roadmap for policymakers, industry leaders, and scholars to design, implement, and monitor impactful local content strategies, the book will be of interest to researchers in oil and gas law and policy.
Contents
1 Introduction 2 Definitions and Rationale 3 Stakeholders: Who Are the Key Stakeholders Involved? 4 Preliminary Issues: Assessing Local Content Capabilities and External Factors Before Setting Local Content Targets 5 Local Content and Development: Capacity Building in Local Content 6 Legal Framework: Interrelations Between Policies, Laws, Regulations and Contract 7 Government Participation and Incentives: To What Extent Should the Host Government Be Involved and Encourage Local Content? 8 Access to Finance for Small and Medium Enterprises in Developing Countries: Key Issues and Options 9 Local Content Policies, Sovereign Wealth Funds, and Corporate Social Responsibility 10 Canada's Local Content Policies and Impact Benefit Agreements with Indigenous Peoples 11 Local Content Laws and Gender Equality in Africa's Oil and Gas Sector 12 Local Content and Technology 13 Measurement and Monitoring Local Content: How To Monitor and Measure Local Content Implementation? 14 Breaches and Enforcement of Local Content: How To Address Local Content Breaches? 15 Exploring Local Content as a Tool for Addressing Resource Curse Challenge 16 Local Content and Possible Conflicts With Other International Obligations: Does Local Content Conflict With Bilateral, Regional and/or International Treaties? 17 Extractive Experiences: Common Trends and Lessons from Local Content Practices among the Extractive Industries 18 Local Content and the Energy Transition: Lessons From the Oil and Gas Industry 19 Should Local Content Come to an End at a Certain Stage? Why? 20 Local Content and Circular Economy 21 Conclusion
