Approximately two billion dollars a day of petroleum are traded worldwide, which makes petroleum the largest single item in the balance of payments and exchanges between nations. Petroleum represents the larger share in total energy use for most net exporters and net importers. While petroleum taxes are a major source of income for more than 90 countries in the world, poor countries net importers are more vulnerable to price increases than most industrialized...
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DETAILS
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2011/07/13
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Publication
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63437
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1
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2011/07/25
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Disclosed
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National oil companies and value creation
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local content
Citation
Arfaa,Noora; Tordo,Silvana; Tracy,Brandon S..
National oil companies and value creation (Vol. 1 of 3) (English). World Bank working paper|no. 218 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/650771468331276655