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15 Issues in Domestic Petroleum Pricing in Oil-Producing Countries »
Chapter
Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries
Series: Books
Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 August 2003
ISBN: 9781589061750
Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation
I. Introduction Petroleum product prices are often heavily regulated. Domestic price controls are prevalent, especially in countries that are net exporters of oil. Governments often...
14 Hedging Government Oil Price Risk »
Chapter
Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries
Series: Books
Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 August 2003
ISBN: 9781589061750
Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation
I. Introduction Oil price risk is the risk that oil prices may change rapidly, substantially, and unpredictably. Governments are subject to this risk in two main ways...
6 Revenue from the Oil and Gas Sector: Issues and Country Experience »
Chapter
Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries
Series: Books
Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 August 2003
ISBN: 9781589061750
Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation
I. Introduction Oil and gas extraction plays a dominant role as a source of export earnings and, to a lesser extent, employment in many developing countries. But the...