Veelgestelde vragen

Veelgestelde vragen

Local Content

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What is Local Content?

Local Content is a term used in the oil and gas industry to describe the commitment to help local people and businesses grow, so they can support the emerging industry in the long term.

The term usually refers to the extent to which a company or industry in a particular country or region uses local resources, labor, products, or services in its operations. This can apply to various sectors, such as the oil and gas industry, mining, manufacturing, and so on.

When a large industry comes to a country, it’s important that this industry contributes to the local economy and communities. This can be achieved by hiring local labor, using local suppliers for supplies and materials, supporting local infrastructure, and investing in training and development of local skills.

Promoting Local Content can help create employment, build local capacity, and stimulate economic growth in the region where the industry operates. However, this can also bring challenges, such as finding qualified local labor and developing local supply chains that can meet the industry’s requirements.