Alexander Malden, Toyin Akinniyi, Zira John Quaghe
This level of immediate national press coverage reaffirms the importance of payments to government data to citizens in resource-rich countries, and how it is increasingly informing national debates on countries’ natural resources management.
NRGI set out to collect total oil, gas and mining revenue data for the countries included in the Resource Governance Index to find out how many dollars flow to governments that mismanage the handling of their natural resources.
As the largest resource-for-infrastructure deal ever reached at the time of its signature, the Sicomines case has generated much controversy in Kinshasa, Beijing, and Western capitals alike. It is so large in scale that its value exceeded the Congolese state budget the year it was signed.
For years, Tanzania learned lessons in effective petroleum resource revenue management from Ghana and Uganda. During the latest regional media training course from NRGI, Tanzania’s recent stewardship of the sector presented lessons for Ugandan and Ghanaian journalists to take home.
Carole Nakhle, an NRGI advisory council member, founder and director of London-based advisory, research and training company Crystol Energy, and founder of Access for Women in Energy, shared her impressions of the global hydrocarbons market, as well as some thoughts on key producers in the Middle East and North Africa, in this interview.
A 10-year boom in the prices of many commodities drew to a close last year. During previous booms, governments in developing countries have often squandered wealth accumulated through oil, gas and minerals, directing little of the proceeds toward effective investment or saving. When boom turned to bust, resource-rich countries were caught out, forced into debt spirals.