TY - BOOK ID - 11945537 TI - Fiscal systems for hydrocarbons : design issues PY - 2007 SN - 0821372661 9786611000998 128100099X 082137267X PB - Washington, D.C. : World Bank, DB - UniCat KW - Petroleum industry and trade -- Government policy. KW - Petroleum industry and trade KW - Industries KW - Business & Economics KW - Government policy KW - Government policy. UR - https://www.unicat.be/uniCat?func=search&query=sysid:11945537 AB - Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flex ER -