One of the drivers of the Extractive Industries Transparency Initiative's inception over fifteen years ago was the need to address corruption. Here, NRGI president and CEO Daniel Kaufmann offers evidence-based ideas for how EITI can better meet that goal.
Renforcer les capacités sur les enjeux des activités extractives et les défis qui se posent aux pays riches en ressources en Afrique francophone, face aux ambitions légitimes des peuples d’améliorer leurs conditions de vie grâce à leurs ressources extractives.
In June 2018, the fictional country of Petronia, which serves as the namesake setting of a first-of-its-kind online interactive course on resource governance, made a potentially transformative oil discovery.
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.
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.