A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals....

"The global energy scenario has transformed in the past 20 years. Oil demand, earlier driven by the West, is now shifting to the East, more specifically to Asia. New oil supplies from North America have challenged the hegemony of the traditional oil exporters from West Asia and Africa. India,...

pt. 1. Turning oil and gas wealth into sustainable and equitable development -- pt. 2. Entrenching transparency and stakeholder engagement -- pt. 3. Effective management of the oil and gas sector -- pt. 4. Safeguarding security and the environment -- pt. 5. Country-specific models and lessons...