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Guide to Extractive Industries Documents (Oil and Gas)

24 June 2013

World Bank Institute Governance for Extractive Industries Programme.
The notion of the state sharing production of oil and gas with companies as part of a commercial enterprise was first developed in Bolivia in the 1950s. The Production Sharing Contract (PSC) was introduced in Indonesia in 1966 and PSCs are now used widely to record arrangements for oil and gas exploration and production, particularly in developing countries; today, they are used in over 40 countries, including in Africa, Central Asia and South-East Asia.


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