The term "local content" refers to the value petroleum activities
bring to a country beyond the direct revenues from hydrocarbons.
Job creation, taxes and fees, and the infusion of talent and
education all contribute to local content. With the insight of
experts from around the world, this text explores the policies of
more than two dozen countries, each with its own approach. It also
discusses historical context and how countries could learn from the
best and the worst of local content development. Host countries
that remain assertive in local content policies also have a better
track record in tackling other associated problems. These include
economic and social issues as well as also the development of a
diverse and well-educated local work force. This text is a valuable
resource for legal counsels (in-house and external), governmental
authorities, business development managers, economists, NGOs, and
academics.
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