At the time of his death on March 5, 2013, Venezuelan President Hugo Chávez left his country with enormous oil reserves but also billions of dollars in foreign debt. Support for him among poor Venezuelans was driven largely by his program to reduce poverty with oil revenues.
These are technical guides to each of the Natural Resource Charter precepts, including practical aspects of implementation, choices faced in implementation and discussion of best practice. The papers draw on the current thinking from academics, policy-makers and practitioners.
Revenue Watch Institute deputy director Antoine Heuty spoke about mineral wealth in the Maghreb at a seminar in Barcelona on 30 November 2012, sponsored by the Barcelona Center for International Affairs. The two-day event focused on economic governance of natural resources in the Middle East.
Emerging economies, their governments and their companies, are playing an increased role in oil, gas and mining production - both within their own borders but also outside in other countries and regions.
The 2012 Executive Draft of the Petroleum Industry Bill (2012 PIB) proposes to restructure the Nigerian National Petroleum Corporation (NNPC). This is potentially welcome, yet the bill ultimately fails to offer a clear path to more effective management of Nigeria’s state-owned oil enterprises.
This report is the result of the “Promoting Hydrocarbon Transit Transparency in Bulgaria, Georgia, Turkey and Ukraine” research project undertaken under the auspices of the Open Society Georgia Foundation1 across these four participating countries.
We are at the beginning of an era of new opportunities to address the challenges faced by countries rich in natural resources but in many cases fragile and poor, work that Revenue Watch is uniquely equipped to perform.
In 2006, Asutifi, a tiny district in central Ghana, changed forever. The relatively unknown farming community had caught the attention of one of the world’s largest gold producers, Newmont Mining Corporation.