Understanding and Formulating Local Content Policies

From September 30 to October 1, 2013, the World Bank held a conference aimed at assisting developing resource-rich countries to harness their oil, gas and mining resources for sustained and inclusive growth.

 

The conference’s main objective is to share and discuss recent research on local content policies, and how to make them more effective for the benefit of governments, industry, and communities. Speakers and participants shared their knowledge and experience to generate common understanding of the potential benefits of local content policies and the conditions that lead to successful outcomes.

 

Two key documents informed the conference discussions. They are listed here to assist you to gain an international perspective on the ongoing research into strong, appropriate and applicable local content policies for extractive industries.

 

This paper provides a detailed description of the policy context, objectives, implementation tools, and metrics used in a select group of petroleum-producing countries, including Angola, Brazil, Indonesia, Kazakhstan, Malaysia, and Trinidad and Tobago. The information is further analyzed in the paper on Local Content in the Oil and Gas Sector, World Bank Studies, Washington D.C., 2013.

 

This guidance document is based on IPIECA members’ efforts to develop good practice in managing local content. It is aimed at practitioners and other company representatives with responsibility for this objective.