Privatization Policy of Hydrocarbon Sector was Not Effective

Abstract

This article aims to reflect, economic policies applied and their effects in the hydrocarbon industry during the period of 1990-2014. In the context operations are made out to reform the sector. These policies has aimed the achievement of objectives for liberalization of the sector and encouraging foreign direct investment, to have an impact overall economy and petroleum sector in particular. The purpose of this analysis is to see the effect of these policies and the economic impact reflected in the policies of the government. Through the analysis shows how it has impacted on economic growth, tax policy and employment.

DOI: 10.5901/mjss.2014.v5n13p446