Petroleum discovery in a country presents its policy makers with a challenging and complex task: formulating and agreeing on policies that will shape the country's petroleum sector and guide the translation of the newly discovered resources into equitable and sustainable economic and social...

This paper investigates how the devolution of oil windfalls affects the likelihood of political violence. It shows that transferring large shares of oil wealth can prevent conflict, while transferring small shares can trigger it. Among the different transfer schemes, fiscal transfers (to...

The oil and gas sector in Ethiopia, currently at a very early stage of development, shows good potential for development on the long-run. The sector will benefit from strategies and policies to implement the broader vision for the sector. Development of the oil and gas sector in Ethiopia has the...

This edition of the Kazakhstan Country Economic Update (CEU) is part of a semi-annual series designed to monitor socio-economic developments in Kazakhstan. It presents a concise analysis of political, economic and social developments, as well as a progress report on structural reform...

This report contains an assessment of the approach that the Republic of Chad has adopted or plans to adopt to enhance the benefits generated by the exploitation of its petroleum resources, and to manage the economic and social impact of such exploitation in a sustainable and equitable manner....

Oil resources usually play a significant role in oil-rich countries, in gross domestic product and government revenues. High dependence of government revenues on oil can contribute to severe recession following an adverse commodity price shock, such as in 2014. This paper examines the extent to...

This report documents the activities and findings the legislative and regulatory advisor during his visits made between 19th October and 17th November 2009 to the Ministry of energy of the Republic of Ghana. The purpose of the visits was to meet the officials of the Ministry of energy in Accra...

This guide has been written to assist anyone interested in running small stationary diesel powered engines on coconut oil. It is intended to be a 'how-to' guide to provide with relevant information of every aspect of fuelling an engine with coconut oil. The guide is specifically written with...

Despite the recent slowdown, the underlying growth of the global economy remains solid. After a 4 percent growth in 2010, Russia's real output is expected to grow 4.4 percent in 2011, increasingly driven by domestic demand. Russia's households have absorbed the food price shock thanks to a...

This paper reviews resource sector developments in 12 countries in Sub-Saharan Africa that made their first (major) petroleum discoveries during the most recent commodity boom. The analysis, which goes back to 2001, looks at sector forecasts of international organizations, governments, and...