An analysis of compensation collected for the depletion of Angola’s oil resources
Journal of Economic and Financial Sciences
| Field | Value | |
| Title | An analysis of compensation collected for the depletion of Angola’s oil resources | |
| Creator | van der Zwan, Pieter | |
| Description | The African continent contributes approximately 12% of the world’s oil production. Despite this wealth, many citizens of oil-rich African countries live in poverty, often because their governments do not collect sufficient compensation for the depletion of oil resources to fund national development or do not utilise compensation collected for the benefit of the people. In this article the extraction tax regime to collect compensation on Angola’s oil resources is compared to the regimes in other oil-rich countries to identify aspects from which Angola can learn with regard to the compensation systems of those countries. It is concluded that Angola may be able to improve its extraction tax regime by learning from governance measures over natural resource funds in Norway and Canada, by implementing measures to increase its oil royalty income in times of economic prosperity and by defining deductible costs more specifically in its production-sharing agreements. | |
| Publisher | AOSIS | |
| Date | 2012-04-30 | |
| Identifier | 10.4102/jef.v5i1.310 | |
| Source | Journal of Economic and Financial Sciences; Vol 5, No 1 (2012); 135-152 2312-2803 1995-7076 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://jefjournal.org.za/index.php/jef/article/view/310/393
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