Transcription of June 2009 - World Bank
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June 2009 - World Bank
THE PETROLEUM SECTOR VALUE CHAIN WORKING DRAFT NOT FOR CITATION. The Oil, Gas and Mining Policy Division of the World Bank is undertaking a Study on NOCs and Value Creation, and this draft version of Chapter 1 of the Study has been published to inform the public on progress and invite dialogue. A revised version of this paper will be included in the Study which is expected to be completed by june 2010. For further information on the Study on NOCs and Value Creation please visit our website june 2009 2 Copyright 2009 The International Bank for Reconstruction and Development/The World Bank 1818 H Street, NW Washington, DC 20433 All rights reserved. This paper is a working draft of Chapter 1 of the Study on National Oil Companies and Value Creation (the Study ). An updated version of this paper will be included in the Study launched in March 2008 by the Oil, Gas, and Mining Policy Division of The World Bank, and expected to be completed by june 2010.
7 The value chain starts with the identification of suitable areas to conduct exploration for oil and/or gas.2 After initial exploration, petroleum fields are appraised, developed and produced.
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