Local content requirements in oil and gas contracts: regional trends in the Middle East and North Africa

Olawuyi, Damilola S.

doi:10.1080/02646811.2018.1477494

Cited by 12 publications

(8 citation statements)

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“…Consistent with Olawuyi (2019), the drivers of LCRs are fivefold. The first relates to the desire of host governments to improve their domestic capability and competence levels with the unfolding of time.…”

Section: Drivers Of Lcrs In Developing and Emerging Countriesmentioning

confidence: 75%

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The Political Economy of the Oil and Gas Sector in Emerging and Developing Countries

Asongu¹,

Arhin²,

Abdulai³

et al. 2023

The Economics of the Oil and Gas Industry

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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. We argue that the interests and ideas relative to the power of key stakeholders, such as political actors, multinational companies, the citizens and the state are relevant to the understanding of the form and shape of the emergence and performance of the institutions governing the oil and gas sectors of emerging and developing countries.

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Section: Drivers Of Lcrs In Developing and Emerging Countriesmentioning

confidence: 75%

“…Consistent with Olawuyi (2019), there are obviously institutional challenges surrounding the nexus between governance and multinational oil companies, especially as it relates to procurement process.…”

Section: Governance Challenges In Lcrsmentioning

confidence: 94%

The Political Economy of the Oil and Gas Sector in Emerging and Developing Countries

Asongu¹,

Arhin²,

Abdulai³

et al. 2023

The Economics of the Oil and Gas Industry

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“…Most of the countries in the MENA region have unique local content requirements (LCRs). According to Olawuyi (2017), MENA countries including the United Arab Emirates, Qatar, Kuwait, Saudi Arabia, Iraq, and Bahrain are increasingly introducing LCRs into their laws via regulations, legislation, guidelines, and bidding practices. Many of these countries have LCRs with fixed KPIs that require businesses to provide updates at least twice a year on the level and scope of compliance with LCRs (Olawuyi, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

“…According to Olawuyi (2017), MENA countries including the United Arab Emirates, Qatar, Kuwait, Saudi Arabia, Iraq, and Bahrain are increasingly introducing LCRs into their laws via regulations, legislation, guidelines, and bidding practices. Many of these countries have LCRs with fixed KPIs that require businesses to provide updates at least twice a year on the level and scope of compliance with LCRs (Olawuyi, 2017). Additionally, in some of the MENA countries, such as Iraq, researchers have reported a serious gap in the identification of business information modeling capabilities in KPIs of business projects, such as construction projects (Khanzadi, Sheikhkhoshkar, & Banihashemi, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

New Strategic Thinking in Mitigating the Challenges in Implementing Key Performance Indicators (KPIs) and Increasing Efficiency in Corporate Performance Management in MENA Region

Soubjaki¹,

Choughri²

2019

JMS

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The implementation of key performance indicators (KPIs) is a challenging task for many businesses. Yet, effective implementation of KPIs is among the major determinants of performance and success of an organization. This study explored the new strategic thinking in mitigating the challenges in implementing key performance indicators (KPIs) and increasing efficiency in corporate performance management in the Middle East & North Africa (MENA) region. The study sought to test three hypotheses: (i) there is a significant relationship between having enough training and awareness sessions before implementation and effective implementation of KPIs; (ii) there is a significant relationship between having KPI professionals and specialists and effective implementation of KPIs; and (iii) there is a significant relationship between having clear KPI goals and objectives, on one hand, and the effective implementation of KPIs on the other. Hypotheses 2 and 3 were proved to be true while results for hypothesis 1 were inconclusive. A total of 1007 participants from across the MENA region were involved in the study. The findings demonstrate the importance of having clear KPI goals and objectives and KPI professionals or specialists to oversee the KPI selection and implementation process. Further research should be conducted to establish whether there is a significant relationship between having enough training and awareness sessions before implementation and effective implementation of KPIs.

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“…Generally, it takes into account five attributes: purchases of goods and services from national suppliers, employment of local staff, support of local companies' development, social investment, and induced employment effects [17]. To encourage LC, host countries have put in place contractual and legal requirements through local supply targets or penalty systems [18]. Those may relate to local production obligations expressed in tons, the percentage of local labor [19], the proportion of investment to be made in the host country, or other criteria [20].…”

Section: Introduction: From the Concept Of Local Content To That Of In-country Valuementioning

confidence: 99%

Modeling and Estimating Host Country Values in International Projects to Facilitate In-Country Value Creation

2021

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International companies are more and more seeking to act proactively by proposing In-Country Value (ICV) strategies to create sustainable local values in the host countries in which they carry out projects. Still, such sustainable local values are complex to identify because they are often indirectly related to their own value chains, project activities, and outcomes. There are, therefore, both theoretical and industrial needs to model and estimate sustainable values brought by complex projects in host countries, considering direct and indirect effects. In this paper, a systems thinking-based approach combined with a frequency analysis first permitted to build up a model of the sustainable values created by the project in a host country. Then, after underlining the complexity of such a model, a Domain Mapping Matrix (DMM) approach was proposed to help build a process to estimate project impacts in terms of ICV creation. An application to a case study built up with an industrial practitioner (an oil and gas company) permitted to test and validate the overall model and approach. It notably showed how such a model permitted to facilitate discussions among stakeholders and laid the foundations of ICV creation-oriented decision-making processes.

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Local content requirements in oil and gas contracts: regional trends in the Middle East and North Africa

Cited by 12 publications

References 0 publications

The Political Economy of the Oil and Gas Sector in Emerging and Developing Countries

The Political Economy of the Oil and Gas Sector in Emerging and Developing Countries

New Strategic Thinking in Mitigating the Challenges in Implementing Key Performance Indicators (KPIs) and Increasing Efficiency in Corporate Performance Management in MENA Region

Modeling and Estimating Host Country Values in International Projects to Facilitate In-Country Value Creation

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