Under-pricing of diesel and kerosene continues to cause major financial problems for Bangladesh Petroleum Corporation (BPC), which is losing over Tk 2 billion monthly. Global forecasts suggest that oil prices will continue to be over $US 50 per barrel for the next couple of years. Bangladesh's...

For some Latin American countries - especially, the oil importers in the Caribbean - rising energy prices could pose a significant threat to their current account sustainability, particularly if they are accompanied by other negative shocks. In some countries the fiscal costs associated with...

The decline in international oil prices over the past two years has resulted into an economic crisis in the Republic of Congo that could forestall the transformation efforts to move the country towards higher middle income status. A key strategy that government has pursued in recent years has...

Petroleum supply reforms could yield huge savings. Training flourishes in the informal sector. Credit is a constraint to enterprise development. cAN Africa pay for its universities. How to double Sub-Saharan Africa's agricultural growth rate. Upgrading farming systems in the Sahel. Agricultural...

This study evaluates the potential demand for oil and oil products transport via the existing rail corridor in the Caucasus, taking into consideration the competition from alternative routes. It identifies potential bottlenecks that would prevent the potential traffic from using the corridor and...

Petroleum products are used across the entire economy in every country. Gasoline and diesel are the primary fuels used in road transport. Oil is used in power generation, accounting for eleven percent of total electricity generated in Africa in 2007. Adequate and reliable supply of transport...

"Indonesia's oil revenues and fuel subsidies dominate the nation's economic policy agenda. This paper estimates the impact of higher international oil prices on the Indonesian government's fiscal position in 2008 and beyond. It analyzes the interactions between government revenues and...