Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación

This handbook is one of the first of its kind to focus attention on effectively administering revenues from extractive industries. It provides policymakers and officials in developing and emerging market economies with practical guidelines to establish a robust legal framework, organization, and procedures for administering revenue from these industries. It discusses transparency and how to promote it in the face of increasing demands for clarity and how developing countries can strengthen their managerial and technical capacity to administer these revenues.

PETROLEUM REFINING With no new refineries having been built in decades, companies continue to build onto or reverse engineer and re-tool existing refineries. With so many changes in the last few years alone, books like this are very much in need. There is truly a renaissance for chemical and process engineering going on right now across multiple industries. This fifth and final volume in the “Petroleum Refining Design and Applications Handbook” set, this book continues the most up-to-date and comprehensive coverage of the most significant and recent changes to petroleum refining, presenting the state-of-the-art to the engineer, scientist, or student. Besides the list below, this groundbreaking new volume describes blending of products from the refinery, applying the ternary diagrams and classifications of crude oils, flash point blending, pour point blending, aniline point blending, smoke point and viscosity blending, cetane and diesel indices. The volume further reviews refinery operational cost, cost allocation of actual usage, project and economic evaluation involving cost estimation, cash flow involving return on investment, net present values, discounted cash flow rate of return, net present values, payback period, inflation and sensitivity analysis, and so on. It reviews global effects on the refining economy, carbon tax, carbon foot print, global warming potential, carbon dioxide equivalent, carbon credit, carbon offset, carbon price, and so on. It reviews sustainability in petroleum refining and alternative fuels (biofuels and so on), impact of the overall greenhouse effects, carbon capture and storage in refineries, process intensification in biodiesel, biofuel from green diesel, acid-gas removal and emerging technologies, carbon capture and storage, gas heated reformer unit, pressure swing adsorption process, steam methane reforming for fuel cells, grey, blue and green hydrogen production, new technologies for carbon capture and storage, carbon clean process design, refinery of the future, refining and petrochemical industry characteristics. The text is packed with Excel spreadsheet calculations and Honeywell UniSim Design software in some examples, and it includes an invaluable glossary of petroleum and petrochemical technical terminologies. Useful as a textbook, this is also an excellent, handy go-to reference for the veteran engineer, a volume no chemical or process engineering library should be without. Written by one of the world’s foremost authorities, this book sets the standard for the industry and is an integral part of the petroleum refining renaissance. It is truly a must-have for any practicing engineer or student in this area.