How to meet overseas content laws
Governments throughout the developing world are putting increasing pressure on suppliers of oil-field equipment and services to establish local facilities, expand purchases of locally produced goods, take on local equity owners and managers and promote exports. This article discusses the economic effects of the ''local content'' policy of many Third-World countries. Oil field suppliers must view this policy as a market reality in doing business abroad. Those who initiate negotiations and sturcture creative deals to satisfy national local content demand will not only maintain stronger relationships with the host governments and their nationally controlled oil companies, but will also gain a competitive edge in international markets over the coming years.
- Research Organization:
- McKinsey and Co. Inc., Los Angeles, CA
- OSTI ID:
- 6133399
- Journal Information:
- Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 83:5; ISSN OIGJA
- Country of Publication:
- United States
- Language:
- English
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020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
DEVELOPING COUNTRIES
ECONOMIC POLICY
ENERGY SOURCES
EQUIPMENT
EXPLOITATION
FIELD PRODUCTION EQUIPMENT
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INTERNATIONAL RELATIONS
LAWS
MARKET
MINERAL RESOURCES
OIL FIELDS
PETROLEUM
PETROLEUM DEPOSITS
RESOURCES