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.
For the vast majority of people in most resource-rich countries, natural wealth does not translate into prosperity, but instead leads to environmental and economic devastation, and hampers democratic reform.
Revenue Watch urges the government of Nigerian President Olusegun Obasanjo to enact revenue transparency reforms, including most notably the Nigerian Extractive Industries Transparency Initiative (EITI) bill, the Fiscal Responsibility bill, and the Freedom of Information bill.
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.
Companies and governments in both the developed and developing worlds have made a range of commitments to transparency in the management of resource revenues. But what actual progress has been made? How does their performance rate?