Fact or fiction: harmonising and unifying legal principles of local content requirements
The ambition to develop oil and gas activities continues to determine what policy instruments governments formulate in the process. Presently governments tend to overhaul their outdated regulatory frameworks in order to secure socio-economic developments for their citizens. One recent policy that ha...
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Gespeichert in:
| Autor*in: |
Asiago, Berryl Claire [verfasserIn] |
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| Format: |
Artikel |
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| Sprache: |
Englisch |
| Erschienen: |
2016 |
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| Rechteinformationen: |
Nutzungsrecht: © 2016 International Bar Association 2016 |
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| Schlagwörter: |
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| Übergeordnetes Werk: |
Enthalten in: Journal of energy & natural resources law - London : Internat. Bar Assoc., 1983, 34(2016), 3, Seite 337-360 |
|---|---|
| Übergeordnetes Werk: |
volume:34 ; year:2016 ; number:3 ; pages:337-360 |
| Links: |
|---|
| DOI / URN: |
10.1080/02646811.2016.1183431 |
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| 520 | |a The ambition to develop oil and gas activities continues to determine what policy instruments governments formulate in the process. Presently governments tend to overhaul their outdated regulatory frameworks in order to secure socio-economic developments for their citizens. One recent policy that has attracted global popularity is the local content requirements in the oil and gas sectors. Local content is a policy tool utilised by governments to generate economic benefits for the local economy, which go beyond fiscal benefits. Local content means the value addition brought to an economy. It includes achieving certain local percentages of labour, goods and services within the oil and gas sectors. Conversely, while there is little variance over the reasons why countries encourage the use of local content, there is hardly a universal definition of what 'local' actually covers, nor is there agreement on what the 'content' should be. Notably the ongoing debate over the implementation of local content objectives remains a controversial subject among industry stakeholders. Consequently, implementing local content requirements does not mean business as usual; in fact achieving certain local percentages of labour, goods and services supplied may not always suffice for projects in the upstream sector if the capacity might run out in countries with a limited industrial base. This article therefore aims at harmonising and possibly unifying a range of instruments as applied in various petroleum regimes with the possibility of assessing an enabling environment through critically evaluating the controversial requirement. Further, this article argues that despite the fact that local content has a universal application, the actual practice (implementation process) varies from country to country and often is based on a number of issues including sovereign goals and strategies which vary considerably as will be discussed throughout the article. Finally, the article attempts to make recommendations that would attain the ultimate goal of a viable local content policy which should be to create jobs at home rather than abroad, by enhancing sustainable industrial growth and national wealth. | ||
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10.1080/02646811.2016.1183431 doi PQ20161012 (DE-627)OLC1979386757 (DE-599)GBVOLC1979386757 (PRQ)c1021-44689a82cf460f6cfcbf74c5971f3c446a2e84af383545cabe7c3ce9b3a3f66f0 (KEY)0194170420160000034000300337factorfictionharmonisingandunifyinglegalprinciples DE-627 ger DE-627 rakwb eng 340 DE-600 INTRECHT fid Asiago, Berryl Claire verfasserin aut Fact or fiction: harmonising and unifying legal principles of local content requirements 2016 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier The ambition to develop oil and gas activities continues to determine what policy instruments governments formulate in the process. Presently governments tend to overhaul their outdated regulatory frameworks in order to secure socio-economic developments for their citizens. One recent policy that has attracted global popularity is the local content requirements in the oil and gas sectors. Local content is a policy tool utilised by governments to generate economic benefits for the local economy, which go beyond fiscal benefits. Local content means the value addition brought to an economy. It includes achieving certain local percentages of labour, goods and services within the oil and gas sectors. Conversely, while there is little variance over the reasons why countries encourage the use of local content, there is hardly a universal definition of what 'local' actually covers, nor is there agreement on what the 'content' should be. Notably the ongoing debate over the implementation of local content objectives remains a controversial subject among industry stakeholders. Consequently, implementing local content requirements does not mean business as usual; in fact achieving certain local percentages of labour, goods and services supplied may not always suffice for projects in the upstream sector if the capacity might run out in countries with a limited industrial base. This article therefore aims at harmonising and possibly unifying a range of instruments as applied in various petroleum regimes with the possibility of assessing an enabling environment through critically evaluating the controversial requirement. Further, this article argues that despite the fact that local content has a universal application, the actual practice (implementation process) varies from country to country and often is based on a number of issues including sovereign goals and strategies which vary considerably as will be discussed throughout the article. Finally, the article attempts to make recommendations that would attain the ultimate goal of a viable local content policy which should be to create jobs at home rather than abroad, by enhancing sustainable industrial growth and national wealth. Nutzungsrecht: © 2016 International Bar Association 2016 resources local content requirements petroleum agreement value addition oil and gas petroleum regime Enthalten in Journal of energy & natural resources law London : Internat. Bar Assoc., 1983 34(2016), 3, Seite 337-360 (DE-627)16868117X (DE-600)804105-2 (DE-576)01617173X 0264-6811 nnns volume:34 year:2016 number:3 pages:337-360 http://dx.doi.org/10.1080/02646811.2016.1183431 Volltext http://www.tandfonline.com/doi/abs/10.1080/02646811.2016.1183431 GBV_USEFLAG_A SYSFLAG_A GBV_OLC FID-INTRECHT SSG-OLC-JUR GBV_ILN_11 GBV_ILN_30 GBV_ILN_40 GBV_ILN_2024 GBV_ILN_4028 GBV_ILN_4323 AR 34 2016 3 337-360 |
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10.1080/02646811.2016.1183431 doi PQ20161012 (DE-627)OLC1979386757 (DE-599)GBVOLC1979386757 (PRQ)c1021-44689a82cf460f6cfcbf74c5971f3c446a2e84af383545cabe7c3ce9b3a3f66f0 (KEY)0194170420160000034000300337factorfictionharmonisingandunifyinglegalprinciples DE-627 ger DE-627 rakwb eng 340 DE-600 INTRECHT fid Asiago, Berryl Claire verfasserin aut Fact or fiction: harmonising and unifying legal principles of local content requirements 2016 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier The ambition to develop oil and gas activities continues to determine what policy instruments governments formulate in the process. Presently governments tend to overhaul their outdated regulatory frameworks in order to secure socio-economic developments for their citizens. One recent policy that has attracted global popularity is the local content requirements in the oil and gas sectors. Local content is a policy tool utilised by governments to generate economic benefits for the local economy, which go beyond fiscal benefits. Local content means the value addition brought to an economy. It includes achieving certain local percentages of labour, goods and services within the oil and gas sectors. Conversely, while there is little variance over the reasons why countries encourage the use of local content, there is hardly a universal definition of what 'local' actually covers, nor is there agreement on what the 'content' should be. Notably the ongoing debate over the implementation of local content objectives remains a controversial subject among industry stakeholders. Consequently, implementing local content requirements does not mean business as usual; in fact achieving certain local percentages of labour, goods and services supplied may not always suffice for projects in the upstream sector if the capacity might run out in countries with a limited industrial base. This article therefore aims at harmonising and possibly unifying a range of instruments as applied in various petroleum regimes with the possibility of assessing an enabling environment through critically evaluating the controversial requirement. Further, this article argues that despite the fact that local content has a universal application, the actual practice (implementation process) varies from country to country and often is based on a number of issues including sovereign goals and strategies which vary considerably as will be discussed throughout the article. Finally, the article attempts to make recommendations that would attain the ultimate goal of a viable local content policy which should be to create jobs at home rather than abroad, by enhancing sustainable industrial growth and national wealth. Nutzungsrecht: © 2016 International Bar Association 2016 resources local content requirements petroleum agreement value addition oil and gas petroleum regime Enthalten in Journal of energy & natural resources law London : Internat. Bar Assoc., 1983 34(2016), 3, Seite 337-360 (DE-627)16868117X (DE-600)804105-2 (DE-576)01617173X 0264-6811 nnns volume:34 year:2016 number:3 pages:337-360 http://dx.doi.org/10.1080/02646811.2016.1183431 Volltext http://www.tandfonline.com/doi/abs/10.1080/02646811.2016.1183431 GBV_USEFLAG_A SYSFLAG_A GBV_OLC FID-INTRECHT SSG-OLC-JUR GBV_ILN_11 GBV_ILN_30 GBV_ILN_40 GBV_ILN_2024 GBV_ILN_4028 GBV_ILN_4323 AR 34 2016 3 337-360 |
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10.1080/02646811.2016.1183431 doi PQ20161012 (DE-627)OLC1979386757 (DE-599)GBVOLC1979386757 (PRQ)c1021-44689a82cf460f6cfcbf74c5971f3c446a2e84af383545cabe7c3ce9b3a3f66f0 (KEY)0194170420160000034000300337factorfictionharmonisingandunifyinglegalprinciples DE-627 ger DE-627 rakwb eng 340 DE-600 INTRECHT fid Asiago, Berryl Claire verfasserin aut Fact or fiction: harmonising and unifying legal principles of local content requirements 2016 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier The ambition to develop oil and gas activities continues to determine what policy instruments governments formulate in the process. Presently governments tend to overhaul their outdated regulatory frameworks in order to secure socio-economic developments for their citizens. One recent policy that has attracted global popularity is the local content requirements in the oil and gas sectors. Local content is a policy tool utilised by governments to generate economic benefits for the local economy, which go beyond fiscal benefits. Local content means the value addition brought to an economy. It includes achieving certain local percentages of labour, goods and services within the oil and gas sectors. Conversely, while there is little variance over the reasons why countries encourage the use of local content, there is hardly a universal definition of what 'local' actually covers, nor is there agreement on what the 'content' should be. Notably the ongoing debate over the implementation of local content objectives remains a controversial subject among industry stakeholders. Consequently, implementing local content requirements does not mean business as usual; in fact achieving certain local percentages of labour, goods and services supplied may not always suffice for projects in the upstream sector if the capacity might run out in countries with a limited industrial base. This article therefore aims at harmonising and possibly unifying a range of instruments as applied in various petroleum regimes with the possibility of assessing an enabling environment through critically evaluating the controversial requirement. Further, this article argues that despite the fact that local content has a universal application, the actual practice (implementation process) varies from country to country and often is based on a number of issues including sovereign goals and strategies which vary considerably as will be discussed throughout the article. Finally, the article attempts to make recommendations that would attain the ultimate goal of a viable local content policy which should be to create jobs at home rather than abroad, by enhancing sustainable industrial growth and national wealth. Nutzungsrecht: © 2016 International Bar Association 2016 resources local content requirements petroleum agreement value addition oil and gas petroleum regime Enthalten in Journal of energy & natural resources law London : Internat. Bar Assoc., 1983 34(2016), 3, Seite 337-360 (DE-627)16868117X (DE-600)804105-2 (DE-576)01617173X 0264-6811 nnns volume:34 year:2016 number:3 pages:337-360 http://dx.doi.org/10.1080/02646811.2016.1183431 Volltext http://www.tandfonline.com/doi/abs/10.1080/02646811.2016.1183431 GBV_USEFLAG_A SYSFLAG_A GBV_OLC FID-INTRECHT SSG-OLC-JUR GBV_ILN_11 GBV_ILN_30 GBV_ILN_40 GBV_ILN_2024 GBV_ILN_4028 GBV_ILN_4323 AR 34 2016 3 337-360 |
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fact or fiction: harmonising and unifying legal principles of local content requirements |
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Fact or fiction: harmonising and unifying legal principles of local content requirements |
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The ambition to develop oil and gas activities continues to determine what policy instruments governments formulate in the process. Presently governments tend to overhaul their outdated regulatory frameworks in order to secure socio-economic developments for their citizens. One recent policy that has attracted global popularity is the local content requirements in the oil and gas sectors. Local content is a policy tool utilised by governments to generate economic benefits for the local economy, which go beyond fiscal benefits. Local content means the value addition brought to an economy. It includes achieving certain local percentages of labour, goods and services within the oil and gas sectors. Conversely, while there is little variance over the reasons why countries encourage the use of local content, there is hardly a universal definition of what 'local' actually covers, nor is there agreement on what the 'content' should be. Notably the ongoing debate over the implementation of local content objectives remains a controversial subject among industry stakeholders. Consequently, implementing local content requirements does not mean business as usual; in fact achieving certain local percentages of labour, goods and services supplied may not always suffice for projects in the upstream sector if the capacity might run out in countries with a limited industrial base. This article therefore aims at harmonising and possibly unifying a range of instruments as applied in various petroleum regimes with the possibility of assessing an enabling environment through critically evaluating the controversial requirement. Further, this article argues that despite the fact that local content has a universal application, the actual practice (implementation process) varies from country to country and often is based on a number of issues including sovereign goals and strategies which vary considerably as will be discussed throughout the article. Finally, the article attempts to make recommendations that would attain the ultimate goal of a viable local content policy which should be to create jobs at home rather than abroad, by enhancing sustainable industrial growth and national wealth. |
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The ambition to develop oil and gas activities continues to determine what policy instruments governments formulate in the process. Presently governments tend to overhaul their outdated regulatory frameworks in order to secure socio-economic developments for their citizens. One recent policy that has attracted global popularity is the local content requirements in the oil and gas sectors. Local content is a policy tool utilised by governments to generate economic benefits for the local economy, which go beyond fiscal benefits. Local content means the value addition brought to an economy. It includes achieving certain local percentages of labour, goods and services within the oil and gas sectors. Conversely, while there is little variance over the reasons why countries encourage the use of local content, there is hardly a universal definition of what 'local' actually covers, nor is there agreement on what the 'content' should be. Notably the ongoing debate over the implementation of local content objectives remains a controversial subject among industry stakeholders. Consequently, implementing local content requirements does not mean business as usual; in fact achieving certain local percentages of labour, goods and services supplied may not always suffice for projects in the upstream sector if the capacity might run out in countries with a limited industrial base. This article therefore aims at harmonising and possibly unifying a range of instruments as applied in various petroleum regimes with the possibility of assessing an enabling environment through critically evaluating the controversial requirement. Further, this article argues that despite the fact that local content has a universal application, the actual practice (implementation process) varies from country to country and often is based on a number of issues including sovereign goals and strategies which vary considerably as will be discussed throughout the article. Finally, the article attempts to make recommendations that would attain the ultimate goal of a viable local content policy which should be to create jobs at home rather than abroad, by enhancing sustainable industrial growth and national wealth. |
| abstract_unstemmed |
The ambition to develop oil and gas activities continues to determine what policy instruments governments formulate in the process. Presently governments tend to overhaul their outdated regulatory frameworks in order to secure socio-economic developments for their citizens. One recent policy that has attracted global popularity is the local content requirements in the oil and gas sectors. Local content is a policy tool utilised by governments to generate economic benefits for the local economy, which go beyond fiscal benefits. Local content means the value addition brought to an economy. It includes achieving certain local percentages of labour, goods and services within the oil and gas sectors. Conversely, while there is little variance over the reasons why countries encourage the use of local content, there is hardly a universal definition of what 'local' actually covers, nor is there agreement on what the 'content' should be. Notably the ongoing debate over the implementation of local content objectives remains a controversial subject among industry stakeholders. Consequently, implementing local content requirements does not mean business as usual; in fact achieving certain local percentages of labour, goods and services supplied may not always suffice for projects in the upstream sector if the capacity might run out in countries with a limited industrial base. This article therefore aims at harmonising and possibly unifying a range of instruments as applied in various petroleum regimes with the possibility of assessing an enabling environment through critically evaluating the controversial requirement. Further, this article argues that despite the fact that local content has a universal application, the actual practice (implementation process) varies from country to country and often is based on a number of issues including sovereign goals and strategies which vary considerably as will be discussed throughout the article. Finally, the article attempts to make recommendations that would attain the ultimate goal of a viable local content policy which should be to create jobs at home rather than abroad, by enhancing sustainable industrial growth and national wealth. |
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