Governance of the Petroleum Sector in an Emerging Developing Economy

'The special attraction of this book lies in combining descriptive analyses, empirical studies and practical policy recommendations. Thought provoking and instructive in every respect, the content is presented in a captivating and easily digestible style, covering a range of carefully selected subjects that an emerging oil producing country cannot afford to ignore if it is to manage its petroleum resources effectively. As chair of the Technical Committee tasked to draft Ghana's petroleum policy following the discovery of oil in commercial quantities, Professor Appiah-Adu draws on his first hand experience in understudying both resource- blessed and cursed countries as well as his network of experts in the field of oil and gas to develop this classic set of contributions. A splendid achievement by all standards and a must read for all with an interest governance and development.' His Excellency John Agyekum Kufuor, President, Republic of Ghana, 2001-2009'This superbly produced book sets extremely high standards in all respects. It is easy and enjoyable to read, comprehensive in its scope and thorough in its treatment of all subjects covered. This book is transnational with examples and illustrations integrated in a consistent whole, as well as multiple links between the subject areas discussed. I strongly recommend it to all who need to be conversant with the underpinnings of effective petroleum management in a developing economy.' E. H. Amonoo-Neizer, Chairman, Council for Scientific and Industrial Research and Vice Chancellor Emeritus, Kwame Nkrumah University of Science and Technology, Ghana 'This book is a bold attempt to canvass a range of governance issues relating to the petroleum sector and has done the nearly impossible by assembling a number of experienced and outstanding scholars from different perspectives to address comprehensive, coherent, thought-provoking and practically relevant subjects whose contemporary relevance transcends the Ghanaian situation. The book is a masterpiece and an essential and highly recommended reading for policy makers, oil and gas practitioners, scholars and students globally.' Martin Tsamenyi, The Australian National Centre for Oceans Resources and Security (ANCORS), University of Wollongong, Australia 'This book deals with a range of factors that are critical to the success of managing petroleum resources and hence require close attention by emerging petroleum producing nations. The style of the text makes it valuable to a wide spectrum of readers and I highly recommend it to technical staff involved in policy making in both oil companies and government agencies. Additionally, readers who wish to acquaint themselves with the dynamics of the petroleum industry, scholars in business schools as well as engineering institutions, business executives and consultants will find the contents of this book instructive and an invaluable reference material.' Farouk Al-Kasim, Chief Executive Officer, Petroteam AS, Norway 'Knowledge and practice of sound governance principles in the petroleum sector is fundamental to enhancing the economic development of any oil producing country. I recommend this book to practitioners, policy makers, researchers, consultants and students seeking to gain a better understanding of the dynamics of the petroleum sector.'Stephen Sekyere-Abankwa, Board Chairman, Ghana National Petroleum Corporation, 2002-2008 'I wish to congratulate Professor Appiah-Adu and the team from across the globe that contributed to this refreshing thematic collection that demonstrates how a developing economy can harness its oil and gas resources to make it a blessing to its people. The choice of subject and timing could not have been better. Buy it now and read it now.'Peter Blom, Chairman IDFG Ltd and Board Member, Confederation of Danish Industry, Copenhagen, Denmark'The thematic areas covered by this book are of paramount relevance to countries such as Ghana that must n