This briefing sheds light on various options that could be considered by the Ghanaian government in funding “Free Senior High School” with petroleum revenues, with a particular emphasis on how funding for the program can be rendered sustainable going forward.
The Nigerian National Petroleum Corporation (NNPC) is about to allocate several hundred thousand barrels per day of the country’s oil to new “direct sale of crude oil and direct purchase of products” (DSDP) contracts with private companies.
As in many countries, the Indonesian government wishes to establish greater sovereignty over the country’s mineral resources. However, the government has so far struggled to realize a policy that works for both the country and investors.
Together with our partners at Global Witness, NRGI is recommending seven steps that stakeholders in Myanmar could take to implement the EITI beneficial ownership requirements in a way that increases the potential for concrete improvements in natural resource governance.
In many oil-producing countries, the government receives a physical share of production, and that oil is then typically sold by the national oil company (NOC). These trading transactions are currently subject to limited regulation and even fewer reporting requirements.
This briefing argues that, currently subject to limited regulation and even fewer reporting requirements, companies engaged in physical commodity trading of oil, gas and minerals should be required to publicly report on their transactions with government entities.