It’s time for more transparency in the management and governance of national oil companies, write three NRGI experts in the new edition of the IMF's Finance & Development magazine. They observe a critical absence of scrutiny of NOCs and the policies that governments employ to manage them, and suggest that this carries major risks for dozens of economies around the world.
NRGI's work impacts stakeholders in many different places and at many levels, ranging from communities to international institutions. Learn more about NRGI’s impacts through this set of 16 stories.
An estimated USD 8.6 billion in taxes and other payments collected by state-owned enterprises were placed in an opaque fund known as “Other Accounts” at the Myanmar Economic Bank.
The index measures the quality of resource governance in 81 countries that together produce 82 percent of the world’s oil, 78 percent of its gas and a significant proportion of minerals, including 72 percent of all copper. It is the product of 89 country assessments (eight countries were assessed in two sectors), compiled by 150 researchers, using almost 10,000 supporting documents.
The National Oil Company Database is an online, interactive tool that enables a wide range of users—from government officials and NOC executives to journalists and activists—to better understand the roles played by these companies and hold them accountable to generate returns on public investment.
The Charter is a set of principles for governments and societies on how to best harness the opportunities created by extractive resources for development. It is not a recipe or blueprint for the policies and institutions countries must build, but instead provides the ingredients successful countries have used.
