At this Washington breakfast event, the Natural Resource Governance Institute (NRGI) will launch the world’s largest open public database on national oil companies, www.nationaloilcompanydata.org. Guests will be the first to see a presentation of the database and associated analysis, which provides new insights into these critically important companies.
This report explores common resource governance successes and challenges in sub-Saharan Africa. The authors conclude that policymakers, parliamentarians, civil society, media and regional institutions must focus on narrowing the implementation gap between extractive sector laws and actual practice.
Last week investors and Saudi Arabia watchers got an eyeful of the massive riches of state oil company Saudi Aramco, which in a prospectus reported $111 billion in profits for 2018. That Aramco is minted surprises no one; but the sheer scale of its horde was indeed headline-worthy.
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.
This briefing explains why the Mongolian government should publish natural resource contracts, describes the different contracts that exist in Mongolia’s extractive sector that should be disclosed, and suggests a path for making natural resource contract transparency a reality.
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.
