At the formal launch of the ResourceContracts.mn contracts portal on 22 April, Mongolia’s deputy minister of mines and heavy industry reaffirmed the country’s commitment to publishing mining and petroleum contracts and announced the public release of over 150 new contracts. After several years of stuttering progress on contract transparency in Mongolia, this is welcome news.
Watch the full video of the launch of the National Oil Company Database on 25 April in Washington, D.C., feauring NRGI's Patrick Heller and Daniel Kaufmann, along with Extractive Industries Transparency Initiative executive director Mark Robinson and World Bank social development specialist Zainab Usman.
Some oil, gas and mining companies reporting their payments to governments under U.K. law have omitted important elements. Publish What You Pay and NRGI have raised concerns around the omissions, and authorties are taking action.
As a global transparency initiative prepares to require member governments to publish the contracts they sign with oil, gas and mining companies, an executive for French oil major Total discusses the potential benefits of contract disclosure for investors in Myanmar.
Journalists covering oil, gas and mining topics, especially in challenging jurisdictions, often face ethical dilemmas. NRGI continues to work to equip them with the skills they need to navigate these tricky spaces.
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 USD 111 billion in profits for 2018. But despite their role as custodians of masses of public money, state oil companies are notoriously opaque.