In the recent years, a growing number of developing countries are adopting local content (LC) requirements as condition for exploring and developing oil and gas resources in their home countries, with Brazil being a leading example and Mexico as the latest follower. Similar to the...

This chapter surveys the literature on the political-economy of oil and gas governance by focusing on the exploration, production and revenue sharing in the hydrocarbon sector. Emphasis is placed on the extent to which oil and gas governance is shaped by geopolitics and interpartyparty politics....

The oil, gas, and mining unit series publishes reviews and analyses of sector experience from around the world as well as new findings from analytical work. It places particular emphasis on how the experience and knowledge gained relates to developing country policy makers, communities affected...