Brasil.Institutional Framework for Sub-salt Oil Production

This consultancy will support the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in the development of the new regulatory framework and of an appropriate institutional framework for the economic use of the sub-salt reserves.

The document will provide detail on who are the different actors involved in the process, including the definition of the areas to the realization of production, what are their roles, and what are the laws and regulations governing their actions. Also, the study intends to clearly identify and differentiate the missions and responsibilities of the different authorities, so as to avoid inefficiencies and overlap.

In particular, in relation to ANP (the National Agency of Petroleum, Natural Gas and Biofuels) and PPSA (Pré-Sal Petróleos SA, the sub-salt company) the study should consider a transition phase, where ANP will act as PPSA. Thus, the study should suggest what would be the decision-making processes and the major administrative tasks that should be incorporated into ANP which will subsequently be transferred to PPSA.These objectives are consistent with the country strategy in two key areas: (a) productivity and infrastructure ... to use public-private partnership models in new investments ... and (b) modernization of the state and institutional strengthening (as contained in the document GN-2570 of May 4, 2010).

IDB. IBR-T1206 : Institutional Framework for Sub-salt Oil Productions

Petroleum subsidies in Yemen : leveraging reform for development

Petroleum subsidy reform is increasingly seen as an opportunity for consolidating public finances and fostering sustainable economic development. Yemen, as the country with the lowest per capita income in the group of countries with a high level of energy subsidies, started to reduce subsidies in 2010 and is discussing further options for reform.

The results of this paper support a comprehensive petroleum subsidy reform in Yemen. Economic growth is projected to accelerate between 0.1 and 0.8 percentage points annually as a result of reform. Yet, the design of the reform is critically important, especially for the poor. Outcomes of alternative reform scenarios range from an increase in poverty of 2 to 6 percentage points.

A promising strategy combines subsidy reduction with direct transfers of 13,800 to 19,700 Yemeni rials annually to the poorest 30 percent of households and enhanced public investments. Investments should focus on the utilities, transport, trade, and construction sectors to integrate economic spaces and create the platform for a restructuring of agricultural, industrial, and service value chains, which should encourage private sector led and job creating growth in the medium term.

Author: Breisinger, Clemens;Engelke, Wilfried;Ecker, Olivier.Document Date: 2011/02/01.Document Type: Policy Research Working Paper.Report Number:WPS5577.Volume No: 1 of 1

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