Localization Policy in Oil and Gas Industry

V. B. Kondratyev

A number of countries have discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economy from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals. One important theme of such policies is so called local content created by the sector-the extent to which the output of the extractive industry sector generates further benefits to the economy beyond the direct contribution of its value-added, through its links to other sectors.

№3 (127) 2016

Key words: local content policy, economic development, oil and gas sector, diversification.

Mining Industry Journal №3 (127) 2016, p.64