Oversight actors can detect and prevent corruption in the oil, gas and mining sectors if they ask the right questions. Corruption schemes can be complex and opaque, yet clear patterns and similar signs of problematic behavior do exist across resource-rich countries.
Four years after the Extractive Industries Transparency Initiative (EITI) began encouraging contract disclosure through its standard, this report assesses the extent to which governments of resource-rich countries have taken up the recommendation.
This study provides an overview of Iraq’s oil and gas revenue sharing, that is, the revenue that the Iraq national government earns from extraction and then redistributes to subnational—provincial and regional—governments.
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.
The sale of crude oil by national oil companies (NOCs) generates a large share of government revenue in oil-producing countries. NOC export sales bring in more than two-thirds of total government income in countries such as Angola, Azerbaijan, Congo-Brazzaville, Iraq, Saudi Arabia and Yemen.
Managing Iraq's Petroleum In April 2006, Iraq Revenue Watch hosted a workshop on Managing Iraq's Oil Industry which brought together leading petroleum experts, activists, economists and policy makers from across Iraq's regions and political spectrum.
In June 2004, the United States and the United Kingdom relinquished civil authority over post-conflict Iraq, ending thirteen months of occupation and marking the creation of an independent interim Iraqi government.