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Description of the fundamentals of petroleum taxation, in particular the arithmetic and mechanics and the industry/government relationships involved. Focus on the two main fiscal systems, i.e. concessions and production sharing contracts. Consideration is given to economic issue…
What should a country do if it suddenly discovers oil and gas' How should it spend the subsequent cash windfall' How can it protect against corruption' How can citizens truly benefit from national wealth' With many of the world's poorest and most fragile states suddenly joining …