Colombia’s oil sector faces mixed fortunes

2017 ◽  
Keyword(s):  
Oil Industry ◽  
Military Spending ◽  
Environmental Damage ◽  
Water Supplies ◽  
Content Type ◽  
Peace Processes ◽  
Challenges And Opportunities ◽  
Peace Accords ◽  
Oil Sector ◽  
The Government

Subject Colombia's oil outlook. Significance Colombia’s oil industry looks set for another difficult year, characterised by two major unknowns -- the price of oil and the outcomes from the country's peace processes. While the former is an issue affecting the sector globally, the latter presents unique challenges and opportunities that the Colombian oil industry will have to adapt to as security dynamics evolve. Impacts Next year's elections may bring in a government hostile to the peace accords, threatening security gains. Continued pipeline attacks risk environmental damage and contamination of water supplies. Threats from crime groups will see the government maintain high military spending long after rebel demobilisation.

Development of palm oil sector and future challenge in Riau Province, Indonesia

2019 ◽  
Vol 11 (2) ◽  
pp. 149-170 ◽  
Author(s):  
Almasdi Syahza ◽  
Brilliant Asmit
Keyword(s):  
Palm Oil ◽  
Environmental Damage ◽  
Future Challenge ◽  
Environmental Aspects ◽  
Content Type ◽  
Potential Development ◽  
Plantation Development ◽  
Oil Sector ◽  
The Government ◽  
Derivative Products

Purpose This paper aims to present the development of palm oil sector and future challenge in Riau Province Indonesia, which includes sustainable plantation development. Design/methodology/approach This research was conducted through a survey with developmental research method. The research location is in the Province of Riau, which is the potential development of oil palm plantation. The land areas of Riau are Kampar, Rokan Hulu and Kuantan Singingi, while the coastal areas are Pelalawan, Siak, Bengkalis, Indragiri Hilir, Indragiri Hulu and Rokan Hilir. The socio-economic and environmental aspects of sustainability level of palm oil plantations were analyzed using a multi-dimensional scaling approach that was modified into a Rap-Insus-Pom. Findings Development of palmoil plantations results in land conversion, posing potential erosio. In anticipating environmental damage, the Government of Indonesia imposes the Indonesian Sustainable Palm Oil (ISPO) policy. The results of ISPO policy show that Indonesian crude palm oil products are environmentally friendly. Originality/value This research is one of few studies that investigate the development of palm oil sector and future challenge in Riau Province, Indonesia. Riau Province still needs 13 units of palm oil mills with capacity of 60 tons per hour. Find strategies to regulate palm oil farming institutions and derivative products to enhance growth and economic development in the region and find production centers and development areas for palm oil local industries in potential regions.

Challenges abound in Uganda’s nascent oil sector

2017 ◽  
Keyword(s):  
Oil Industry ◽  
Oil Fields ◽  
East African ◽  
Content Type ◽  
Regional Dynamics ◽  
The Future ◽  
Speed Up ◽  
Oil Sector ◽  
The Government

Subject Ugandan oil sector. Significance Tullow Oil’s 900-million-dolar sale of most of its stake in Uganda’s oil fields to French oil major Total in January should speed up the start of production and exports. However, the latest developments suggest the country’s oil industry will confront detours ahead. An export pipeline must still be financed and built; Ugandan officials are concerned Total will have too dominant a position in the project; and the government is still determined to build a refinery, though it is searching for a developer. Impacts A dynamic oil industry would benefit President Yoweri Museveni, who appears to aim to retain office. The oil industry will have regional dynamics, bringing Uganda and Tanzania together without Kenya, the traditional East African power. Expectations of the future benefits within the population and government could be disappointed.

Agripreneurship development: a strategy for revamping Nigeria’s economy from recession

2017 ◽  
Vol 8 (4) ◽  
pp. 474-483 ◽  
Author(s):  
Innocent Otache
Keyword(s):  
Economic Crisis ◽  
Design Methodology ◽  
Agricultural Sector ◽  
Content Type ◽  
Current Economic Crisis ◽  
Leadership Failure ◽  
Oil Sector ◽  
The Government ◽  
Creativity And Innovation ◽  
Practical Implications

Purpose The purpose of this paper is to explore agripreneurship development as a strategy for economic growth and development. Design/methodology/approach Though a few related literature were reviewed, this paper relies heavily on the author’s viewpoint regarding how Nigeria can grow and develop its economy through agripreneurship development. Findings The present economic challenges that Nigeria is facing are blamed on overdependence on the oil sector, bad governance, corruption, leadership failure, policy inconsistency, overdependence on imported goods and ostensible neglect of the agricultural sector. Also, policymakers, economic analysts and the government have advocated strongly for diversification of the economy. Besides, there is a consensus among scholars, economic analysts and policymakers that “agriculture is the answer.” Research limitations/implications This paper addresses specifically one sector of the economy – the agricultural sector. On the other hand, economic crisis needs to be addressed holistically by resolving specific issues that confront different sectors of the economy. Practical implications This paper has some insightful policy and practical implications for the Nigerian Government and Nigerians. The government and Nigerians need to take practical steps to grow and develop the economy. On the part of the government, apart from the need to transform the agricultural sector by allocating enough funds to it, the government should establish well-equipped agripreneurship development centers and organize periodically agripreneurship development programmes for the main purpose of training and developing both current and potential agripreneurs who will be able to apply today’s agricultural techniques and practices which involve a great deal of creativity and innovation for a successful agribusiness. The federal government should integrate agripreneurship education into Nigeria’s education system. Similarly, the Nigerian people, particularly the youths or graduates should be encouraged to choose agribusiness as a career. Originality/value While previous papers have offered different solutions to the current economic crisis that Nigeria is experiencing, ranging from economic to structural reforms, this paper differs significantly from others by recommending specifically agripreneurship development as a strategy for revamping Nigeria’s economy from its current recession. Moreover, there is a dearth of literature on agripreneurship and agripreneurship development. This paper therefore fills the literature gap.

Challenges and opportunities for social entrepreneurs in civil engineering in Brazil

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ernesto Ferreira Vasconcellos ◽  
Bernardo Henrique Leso ◽  
Marcelo Nogueira Cortimiglia
Keyword(s):  
Civil Engineering ◽  
Social Innovation ◽  
Social Enterprises ◽  
Exploratory Research ◽  
Social Entrepreneurs ◽  
Content Type ◽  
Challenges And Opportunities ◽  
Research Findings ◽  
Development Goals ◽  
The Government

Purpose This paper aims to identify challenges and opportunities for social enterprises (SE) in civil engineering in Brazil. Design/methodology/approach Starting from the transformative social innovation theory and inspired by grounded theory principles, this paper conducts three-stage exploratory research. First, this paper mapped the Brazilian SE civil engineering ecosystem. Next, this paper classified the SE initiatives along with an organizing framework. Finally, this paper conducted 11 interviews with key ecosystem actors and analyzed data through iterative, parallel and interrelated content analysis procedures. Findings The 37 SE found were classified along “Sustainability,” “Housing,” “Transportation” and “Sanitation” pillars, which are aligned with the United Nations’ social development goals. This paper found 50 challenges and opportunities, which were aggregated along seven dimensions. Three elements are particularly relevant as opportunities: opportunities for SE with ecosystem supporters, specialized investors and partnership with major companies; while government and early investment are the most relevant challenges. Research limitations/implications Research findings and conclusions cannot be extended to other sectors and countries. Usual limitations associated with exploratory qualitative research must also be highlighted. Practical implications The government should offer financial and technical support for civil engineering in working in partnership with ecosystem supporters. Academy could use SE content and ecosystem for its students and should offer diverse resources for network creation. Originality/value Focusing on civil engineering SE in Brazil, this study sheds light on a high-impact sector that has not been studied yet.

Oil will drive record Guyana growth again in 2022

2021 ◽  
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
National Development ◽  
Oil Industry ◽  
Medium Term ◽  
Content Type ◽  
Development Plans ◽  
The Government ◽  
Wage Increases ◽  
Oil And Gas Sector

Significance As in 2020 and 2021, this projected growth will be driven by the ongoing expansion of the oil and gas sector, and related investment and state revenues. These rising revenues will support the government’s ambitious national development plans, which include both increased social and infrastructure spending. Impacts The government will prioritise enhancing the oil and gas investment framework. Investment into joint oil and gas infrastructure with Suriname will benefit the growing oil industry in both countries. The expansionary fiscal policy may lead to a rise in inflation, leading to further calls for wage increases. In the medium term, strong growth in the oil and gas sector could lead to increased climate change activism in the country.

How Chinese executives view economic challenges and global opportunities

2017 ◽  
Vol 45 (3) ◽  
pp. 30-37 ◽  
Author(s):  
Steven Davidson ◽  
Wei Ding ◽  
Anthony Marshall
Keyword(s):  
High Growth ◽  
Chinese Economy ◽  
Content Type ◽  
Services Sector ◽  
Government Sector ◽  
Start Up ◽  
Challenges And Opportunities ◽  
Growth Prospects ◽  
Lending Decisions ◽  
The Government

Purpose To better understand the challenges and opportunities facing China, the IBM Institute for Business Value in cooperation with Oxford Economics surveyed 1,150 executives from across China. Survey respondents represented a variety of industries and included executives from Chinese corporations, start-up enterprises, the government sector and educational institutions. Design/methodology/approach This report shares the executives’ vision for the Chinese economy, and proposes actions to help spark growth and positive change. Findings The Chinese executives surveyed see the current economic environment in China as encompassing five main challenges – immature services sector, declining domestic consumption growth, lending decisions creating over investment in some sectors, declining export growth and environmental issues impacting economic development. Practical implications The article identifies the six most important ways to accelerate China’s growth according to the executives: Originality/value Despite challenges, Chinese executives are optimistic about the country’s economic growth prospects. In fact, 93 percent of executives believe China will maintain stable to high growth of more than 5 percent over the next five years. And almost a quarter of them believe China will be able to return to its recent very high growth rates in excess of 8 percent.

Nigerian oil rebound vital for economic recovery

2017 ◽  
Keyword(s):  
Niger Delta ◽  
Agricultural Sector ◽  
Economic Recovery ◽  
Content Type ◽  
Oil Companies ◽  
China And India ◽  
Relative Safety ◽  
Oil Sector ◽  
The Government ◽  
State Interventions

Significance Despite such controversies, the government is pinning hopes for economic recovery on restoring hydrocarbons production alongside longstanding plans to reduce the country’s dependence on oil. While large international oil companies are retreating to the relative safety of the deep offshore, the government will look to new partnerships with China and India for large infrastructure projects. Impacts Employment gains in the oil sector will be marginal compared to increases in the agricultural sector. Recent state interventions against oil majors are unlikely to deter future investment. Counter-insurgency operations against Boko Haram could distract from government peace efforts in the Niger Delta.

Russian oil industry looks to less profitable deposits

2019 ◽  
Keyword(s):  
Oil Industry ◽  
Short Term ◽  
Content Type ◽  
Oil Sector

Subject Russian oil industry outlook. Significance Russian oil output is at record highs, constrained in the short term only by commitments to output caps made with OPEC. The energy ministry sees output peaking in 2020-21 and then falling away with the rapid depletion of west Siberian reserves. The oil sector faces major taxation changes this year, one of them to encourage development of less profitable fields. Impacts Despite sanctions restrictions, Rosneft and Lukoil in particular will seek opportunities for expansion abroad. More flexible treatment of medium-sized private oil firms may make smaller unused reserves economically viable. Higher Russian crude prices will hit the Belarusian refining market hard unless the Kremlin concedes, and that looks unlikely.

War could leave Libyans without water

2020 ◽  
Keyword(s):  
Water Supply ◽  
Agricultural Sector ◽  
Water Shortages ◽  
Water Supplies ◽  
Social Unrest ◽  
Content Type ◽  
The Government

Significance Greater Tripoli is particularly vulnerable to any disruption of the infrastructure, while the COVID-19 pandemic makes adequate water supply to the capital and other urban centres even more critical. Impacts Fresh disruption of water supplies would fuel public anger and exacerbate social unrest, probably causing more armed clashes. Service disruptions and unrest would worsen tensions within the Government of National Accord, further undermining its authority. Water shortages will also undercut efforts to develop Libya’s agricultural sector as a way of diversifying its oil-dependent economy.

Bolivia fires could reduce Morales’s election lead

2019 ◽  
Keyword(s):  
Presidential Elections ◽  
Environmental Damage ◽  
Environmental Costs ◽  
Content Type ◽  
Remote Areas ◽  
The Past ◽  
International Pressure ◽  
International Reputation ◽  
Human Cost ◽  
The Government

Subject Wildfires in Bolivia. Significance Over the past month and a half, Bolivia has suffered huge environmental damage from fires that have been raging out of control in the eastern lowlands. As October’s presidential elections approach, the issue has become increasingly politicised. Opposition parties criticise the government’s failure to act more decisively. The environmental costs of the fires will be long-lasting, although the human cost so far has been slight. The government has belatedly accepted international assistance. Impacts Morales’s international reputation as an advocate of environmentalism may suffer further during campaigning. International pressure on Bolivia to reduce fire risks will grow, but some of the promised aid may not be forthcoming. The lack of state capacity to regulate economic activity in remote areas will hinder efforts to improve environmental protection methods.

Sign in / Sign up

Export Citation Format

Share Document