The global oil and gas industry association for environmental and social issues (IPIECA) published the second edition of the local content guidance document for the oil and gas industry developed by CIG in collaboration with Evelyn Dietsche. The guidance supports the spirit of ‘shared value’ and outlines an approach that encourages producer countries, resource developers, their supply chain and other stakeholders to work collaboratively. It provides a framework for:
- Understanding the host country’s context – industrial capacity, industrial policy, local content-related regulatory framework and stakeholders’ expectations;
- Establishing a company strategy for collaborating with stakeholders on a shared vision for local content including demand analysis in the project life cycle, supply-side analysis and allocation of responsibilities; and
- Setting up company’s organizational structure, systems and procedures to deliver value from local content efforts.
Download the guidance and the case study appendix here
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