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The Sierra Leone economy is a net importer with a chronic negative balance of trade. Imports as a percentage of GDP averaged 40.8% between 2001 and 2010. Imports of food, mineral fuels and lubricants accounted for 50.8% of the total value of imports…
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In the first article titled: Growth in Crude Oil Production - Statistics are mentioned regarding the domestic oil production output, which increased to 1.82 million barrels per day (mbpd) in the month of April 2019. According to the global oil carte…
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Many analysts believe that oil could soon move from a demand-driven market to a limited power market. (1)Therefore, the price of oil production procedures and national policies will remain extremely uncertain. (2)Instability and uncertainty are the …
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There are two key objectives in this paper. Firstly, it seeks to estimate the impacts of oil production on Ghana’s economy using a computable general equilibrium model. Secondly, it proposes policies to mitigate the adverse impacts oil activities ma…
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"The Legislative Alert argues the current system of levying taxes through fuel price to pay the Tema Oil Refinery Debt is seriously flawed. Not only is the process cumbersome and inefficient, but it also puts an unnecessary burden on consumers. The …
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South Sudan has encountered waves of periodic fuel crisis since 2011. The government has attempted quick-fix measures, but the crisis has continued unabated. Despite a number of speculations surrounding this matter, however, the actual causes and im…
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Environmental conditions in South Sudan’s petroleum producing areas have continued to deteriorate. This is demonstrated by recent reports of oil leaks and spills, inappropriate handling of produced water and mud pits, birth defects, people and anima…
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In this study, an elaborate econometric analysis is offered which tests the sensitivity of a number of key macroeconomic indicators to oil revenue shocks, using the Impulse Response Functions (IRFs) and Variance Decomposition (VDC) techniques within…
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The paper’s main purpose is to analyze the impact of different policies regarding the disposition of the expected government revenues from the exploitation of recent oil discoveries in Uganda. Several simulation exercises were performed in order to …
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This paper reviews the existing transparency and accountability rules to understand the extent to which these have been implemented. Despite the existence of strong petroleum transparency and accountability legal rules, we find that compliance with …
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This policy brief discusses how the recently proposed environmental and social audit of the petroleum companies’ operations by the Ministry of Petroleum can be conducted to generate scientific evidence that can assist in finding a permanent solutio…
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Local content requirements promote national capacity, employment, economic diversification, and economic growth. Local content develops capacities that link the oil and gas sector to other industries. While over 80% of the oil and gas sector’s workf…
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While the Brent oil prices in London have been fluctuating between 20 and 35 dollars per barrel for several weeks, and while American oil prices in New York even reached negative values on 20 April, most African oil-producing countries have, at the …
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While the Brent oil prices in London have been fluctuating between 20 and 35 dollars per barrel for several weeks, and while American oil prices in New York even reached negative values on 20 April, most African oil-producing countries have, at the …
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In both the mining and petroleum sectors in Africa, regulations requiring companies to procure goods and services locally have proliferated over the past decade. These regulatory approaches come in many forms, ranging from requirements for extractiv…
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