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Local Content: Effective in the Past, Problematic in the Future

National oil companies (NOCs) in developing countries have always had an important role to play in the transfer of technology and skills into the country, and as a vehicle for economic development.  And local content provisions have always had a key role to play in such endeavours.

But recent trends suggest that increasingly restrictive local content requirements will have unintended impacts across a range of issues, including labour costs and the ability of oil companies to deliver projects within challenging time schedules. [Read more…]

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