Template-Type: ReDIF-Article 1.0
Author-Name: Mota, Teodoro Marcos
Author-Name-First: Teodoro Marcos
Author-Name-Last: Mota
Author-Email: teodoromota79@gmail.com
Author-Workplace-Name: Department of Petroleum Engineering, Faculty of Mining and Petroleum Engineering, Bandung Institute of Technology (ITB), Indonesia; & Energy Economics Laboratory, Faculty of Mining and Petroleum Engineering, ITB, Indonesia
Author-Name: Adityawarman, Adityawarman
Author-Name-First: Adityawarman
Author-Name-Last: Adityawarman
Author-Email: adityawarman@itb.ac.id
Author-Workplace-Name: Department of Petroleum Engineering, Faculty of Mining and Petroleum Engineering, Bandung Institute of Technology (ITB), Indonesia; & Energy Economics Laboratory, Faculty of Mining and Petroleum Engineering, ITB, Indonesia
Author-Name: Ariadji, Tutuka
Author-Name-First: Tutuka
Author-Name-Last: Ariadji
Author-Email: tutukaariadji@itb.ac.id
Author-Workplace-Name: Department of Petroleum Engineering, Faculty of Mining and Petroleum Engineering, Bandung Institute of Technology (ITB), Indonesia
Author-Name: Naikosou, Marcelino Freitas
Author-Name-First: Marcelino Freitas
Author-Name-Last: Naikosou
Author-Email: marcelinonaikosou@gmail.com
Author-Workplace-Name: Department of Petroleum Engineering, Faculty of Mining and Petroleum Engineering, Bandung Institute of Technology (ITB), Indonesia; & Energy Economics Laboratory, Faculty of Mining and Petroleum Engineering, ITB, Indonesia
Author-Name: Guterres, Mario Viana
Author-Name-First: Mario Viana
Author-Name-Last: Guterres
Author-Email: mariovianaguterres@gmail.com
Author-Workplace-Name: Department of Petroleum Engineering, Faculty of Mining and Petroleum Engineering, Bandung Institute of Technology (ITB), Indonesia; & Energy Economics Laboratory, Faculty of Mining and Petroleum Engineering, ITB, Indonesia
Author-Name: Samawi, Nabil Visi
Author-Name-First: Nabil Visi
Author-Name-Last: Samawi
Author-Email: visinabil@gmail.com
Author-Workplace-Name: Department of Petroleum Engineering, Faculty of Mining and Petroleum Engineering, Bandung Institute of Technology (ITB), Indonesia; & Energy Economics Laboratory, Faculty of Mining and Petroleum Engineering, ITB, Indonesia
Author-Name: Hidayat, Miftah
Author-Name-First: Miftah
Author-Name-Last: Hidayat
Author-Email: miftah.hidayat@itb.ac.id
Author-Workplace-Name: Department of Petroleum Engineering, Faculty of Mining and Petroleum Engineering, Bandung Institute of Technology (ITB), Indonesia
Author-Name: Siagian, Utjok W. R.
Author-Name-First: Utjok W. R.
Author-Name-Last: Siagian
Author-Email: ucokwrs@itb.ac.id
Author-Workplace-Name: Department of Petroleum Engineering, Faculty of Mining and Petroleum Engineering, Bandung Institute of Technology (ITB), Indonesia; & Center for Research on Energy Policy, ITB, Indonesia
Author-Name: Dewi, Retno Gumilang
Author-Name-First: Retno Gumilang
Author-Name-Last: Dewi
Author-Email: retno@itb.ac.id
Author-Workplace-Name: Center for Research on Energy Policy, ITB, Indonesia; & Faculty of Industrial Technology, ITB, Indonesia
Author-Name: Saldanha, Estanislau de Sousa
Author-Name-First: Estanislau de Sousa
Author-Name-Last: Saldanha
Author-Email: estanislausaldanha@yahoo.com
Author-Workplace-Name: Graduate School, MBA Program, Dili Institute of Technology (DIT), Timor-Leste, Indonesia
Title: Petroleum Funds as Instruments of Energy Policy and Economic Diversification: A Cross-Country Integrative Review
Abstract: This study offers an integrative literature analysis on petroleum funds in 17 resource-rich nations, including governance frameworks, investment strategies, disbursement processes, and project financing decisions. Petroleum funds are crucial tools for sustaining oil-dependent economies, maintaining intergenerational justice, and promoting economic diversification. The research identifies considerable variations in fund efficacy, which are caused by variances in legislative structures, fiscal norms, transparency, and alignment with national development goals. Best practices can be seen in nations such as Norway and Timor-Leste, where rule-based governance and sustainability frameworks are promoted. In contrast, Nigeria, Libya, and Angola confront issues due to political meddling and lax institutional governance. The report also looks at developing trends including the incorporation of Environmental, Social, and Governance (ESG) criteria and the strategic role of sovereign wealth funds in managing energy transitions. The findings show that, while no uniform model exists, open governance, sustainable fiscal policies, and strategic investment alignment improve petroleum fund performance. This study provides policymakers with significant insights on how to maximize petroleum fund management in the face of global economic volatility and altering energy landscapes.
Keywords: Petroleum Fund, Governance, Investment Strategy, Economic Diversification
Journal: International Journal of Energy Economics and Policy
Pages: 554-565
Volume: 16
Issue: 1
Year: 2025
Month: 12
DOI: 10.32479/ijeep.21267
File-URL: https://econjournals.com/index.php/ijeep/article/download/21267/9627
File-Format: application/pdf
Handle: RePEc:eco:journ2:v:16:y:2025:i:1:id:21267