Among the most important tools for extracting additional benefits to the local communities of foreign investments in the petroleum sector, beyond the direct effects (tax revenue, employment etc.), has been to develop policies for local content requirements. Local content policies are very popular among policy makers and have been vividly applied in both developing and developed countries.
Norway’s experience is often referred to because of its long history of applying such policies with success in developing the national petroleum industry from the 1970s. Knowledge on local content policy design and implementation is important since it may help to understand the division of labour and potential areas for collaboration between potential investors and local companies.
- The development of the Tanzanian local content policies
- The effects of local content policies in Tanzania