10 Local Content Policies in the Energy Transition Era …
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mechanisms, value-addition, educational and training provisions for
both the indigenous and local communities.
8 Most resource-rich countries have currently adopted and implemented legal provisions on local
content.
As much as resource-rich countries have implemented local content
policies. It should be noted that some countries have adopted favourable
and credible local content provisions. Countries such as Norway and
the United Kingdom developed successful local content policies in the
1970 s and 1980 s that were based on value creation rather than stringent
local content requirements.
9 It was not only, Norway and the United
Kingdom that implemented these policies even other countries such
as Trinidad and Tobago, also adopted these policies but through value
creation in the industrialization of natural gas, which was previously
flared.
Local content policies have traditionally been approached in a stringent way or lenient depending on the policymaker’s intention and the
nature of the socio-economic and political climate of a given country.
After 2006 Brazil oil discoveries, the Country also adopted and implemented stringent local content policies associated with hefty fines for
non-compliance.
10 Nigeria was the first country in Sub-Saharan Africa
to adopt local content policies.
11 Nigeria did not emphasize value
creation; neither did the government emphasize capacity building, but
the indigenization of the oil and gas industry.
Emerging resource-rich countries such as Kenya, Tanzania, Mozambique and Uganda have the common goal of capturing the broader
economic benefits from the extractive industry as well as bolstering
industrialization and economic development of the domestic economy
for the better welfare of a country’s citizens.
12 However, the
8 Tordo, Silvana. National oil companies and value creation. The World Bank, 2011.
9 Supra n.7 Tordo.
10 Warner, Michael. Local content in procurement: Creating local jobs and competitive domestic
industries in supply chains. Routledge, 2017.
11 Ovadia, Jesse Salah. “Local content and natural resource governance: The cases of Angola and
Nigeria.” The Extractive Industries and Society 1.2 (2014): 137–146.
12 Nwapi, Chilenye. “A survey of the literature on local content policies in the oil and gas
industry in East Africa.” SPP Research Paper 9/16 (2016).
313
mechanisms, value-addition, educational and training provisions for
both the indigenous and local communities.
8 Most resource-rich countries have currently adopted and implemented legal provisions on local
content.
As much as resource-rich countries have implemented local content
policies. It should be noted that some countries have adopted favourable
and credible local content provisions. Countries such as Norway and
the United Kingdom developed successful local content policies in the
1970 s and 1980 s that were based on value creation rather than stringent
local content requirements.
9 It was not only, Norway and the United
Kingdom that implemented these policies even other countries such
as Trinidad and Tobago, also adopted these policies but through value
creation in the industrialization of natural gas, which was previously
flared.
Local content policies have traditionally been approached in a stringent way or lenient depending on the policymaker’s intention and the
nature of the socio-economic and political climate of a given country.
After 2006 Brazil oil discoveries, the Country also adopted and implemented stringent local content policies associated with hefty fines for
non-compliance.
10 Nigeria was the first country in Sub-Saharan Africa
to adopt local content policies.
11 Nigeria did not emphasize value
creation; neither did the government emphasize capacity building, but
the indigenization of the oil and gas industry.
Emerging resource-rich countries such as Kenya, Tanzania, Mozambique and Uganda have the common goal of capturing the broader
economic benefits from the extractive industry as well as bolstering
industrialization and economic development of the domestic economy
for the better welfare of a country’s citizens.
12 However, the
8 Tordo, Silvana. National oil companies and value creation. The World Bank, 2011.
9 Supra n.7 Tordo.
10 Warner, Michael. Local content in procurement: Creating local jobs and competitive domestic
industries in supply chains. Routledge, 2017.
11 Ovadia, Jesse Salah. “Local content and natural resource governance: The cases of Angola and
Nigeria.” The Extractive Industries and Society 1.2 (2014): 137–146.
12 Nwapi, Chilenye. “A survey of the literature on local content policies in the oil and gas
industry in East Africa.” SPP Research Paper 9/16 (2016).