IMF Primary Commodity Prices
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What Hinders Investment in the Oil Sector?
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Prepared by Kalpana Kochhar, Sam Ouliaris, and Hossein Samiei
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Approved by Raghuram G. Rajan
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February 22, 2005
Use the free Adobe Acrobat Reader to
view the full text (51 kb pdf file.)
This paper was issued as background material for a Board seminar.
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Contents
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I. |
Background |
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II. |
Obstacles to Investment |
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A. |
Price and Demand Uncertainties |
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B. |
Specific Constraints in the Case of Oil-Exporting
Countries |
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C. |
Downstream Investment |
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III. |
Status of PRGF-HIPC Financing |
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A. |
OPEC Producers |
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B. |
Non-OPEC Producers |
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IV. |
Conclusions |
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Annex 1. Foreign Investment in Upstream
Oil Sector of Selected Countries |
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