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How international oil and gas companies respond to local content policies in petroleum-producing developing countries: a narrative enquiry

Ngoasong, Michael Zisuh (2014). How international oil and gas companies respond to local content policies in petroleum-producing developing countries: a narrative enquiry. Energy Policy, 73 471- 479.

DOI (Digital Object Identifier) Link: https://doi.org/10.1016/j.enpol.2014.05.048
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Abstract

This paper uses narrative analysis to critically examine the business practices used by five international oil and gas companies (IOCs) (Chevron, ExxonMobil, Shell, BP and Total) to respond to local content policies in petroleum-producing developing countries (Nigeria, Angola, Venezuela, Kazakhstan, Brazil, Indonesia, Yemen and Indonesia) during the period 2000–2012. The business practices include the formulation of local content strategies that are implemented through programmes and initiatives aimed at developing and using host country suppliers and workforce. Such practices and the narratives used to communicate them implicitly reflect the context in which the effectiveness of local content policies on economic development can be assessed. By comparing and contrasting the narratives across the five IOCs in relation to the wider literature, four emergent narrative strategies justifying the business practices of IOCs are identified and discussed. They include: (1) direct engagement to renegotiate local content requirements with governments, (2) legal compliance framework, (3) the business case for local content strategies, and (4) corporate social responsibility (CSR) initiatives. The conclusion considers the policy implications of these findings for local content development in petroleum-producing developing countries.

Item Type: Journal Item
Copyright Holders: 2014 Elsevier Ltd.
Extra Information: The URL provided gives full access to the article until 20th September 2014. - MJH 06/08/2014 removed
Keywords: local content policy; IOC business practices; petroleum-producing developing countries
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Public Leadership and Social Enterprise
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Research Group: International Development & Inclusive Innovation
Innovation, Knowledge & Development research centre (IKD)
Institute for Innovation Generation in the Life Sciences (Innogen)
Item ID: 38176
Depositing User: Michael Ngoasong
Date Deposited: 06 Aug 2014 09:20
Last Modified: 07 Dec 2018 10:17
URI: http://oro.open.ac.uk/id/eprint/38176
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