Earlier this month I visited Davao, Philippines, to help lead a workshop on using Excel-based fiscal models to forecast potential revenues from mining projects. “Charting the Future” was its punny, ambitious title.
On September 14, Azerbaijan’s government, BP and other partner companies agreed to amend the contract for the Azeri-Chirag-Guneshli (ACG) oil field in the Azerbaijani section of the Caspian Sea. The so-called “contract of the century” was originally signed in 1994 and was set to expire in 2024. The new contract is valid through 2049.
Three years ago, Mexico opened up to private energy firms, ending state-owned Pemex’s monopoly in the oil and gas industry. Priscila Rodríguez Santamaría, senior advisor for hydrocarbon policy to Mexico’s Energy Secretariat, spoke with NRGI about this new period in the history of Mexico’s oil industry.
Next week, government representatives from the 52 implementing countries will meet in Jakarta at the Opening Up Ownership Conference to discuss the state of play on beneficial ownership transparency in the extractive sector.
The RGI draws attention to the fact that transparency does not always go hand in hand with protection of civic space. Countries such as Azerbaijan, Vietnam, Iraq and Angola all fail to promote citizen voice and government accountability while obtaining good transparency scores.