Financial Innovation and Upstream Petroleum Development by Gerald Pollio

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This article addresses the numerous options available for financing upstream petroleum developments, specifically for national oil companies in dev... (More) This article addresses the numerous options available for financing upstream petroleum developments, specifically for national oil companies in developing oil-producing countries. The author outlines some of these financial innovations and their relative strengths and weaknesses. In particular, the paper focuses on some of the financial instruments used by Mexico and Venezuela. (This paper by Gerald Pollio, “Financial Innovation and Upstream Petroleum Development,” was published as Occasional Paper 14. Boulder, Colorado: The International Research Center for Energy and Economic Development, 1991. ISBN 0-918714-29-X). (Less)