Local Business Development Directives
Directives on Local Business Development in Oil and Gas Industry (LBD Directive 1) and Local Business Development for Oil and Gas Industry (LBD Directive 2) was issued in 2011 and 2012 respectively.
IVIain Objectives are to
Requirement for Employees
- Maximize local spending through the use Of local goods and services.
- Employment Of local workforce in the Oil and gas industry.
LBD Directive 1 (2011)
- End Market Domination
- No Monopoly
- Enable more local companies participation
- Open up business Opportunities for new companies
- Create level playing field
LBD Directive 2 (2012)
- Increase use of Local Content
- Local Workforce
- Local Goods and Services
- Local Financing
- Local Subcontractors
- Drive active ownership
- LBD Quadrant Framework
- LBD data reporting 3 times per year
The above requirement to be email to LBD.
ICV will respond within 2-3 working days upon receipt of the Complaint Form.
Requirement for Companies
Downloadable Directives & Guidelines
Directives
Reasonable Wage
Local Business Development Framework
Online LBD Reporting
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