As NRGI gathers data in the effort to improve international benchmarks of national oil company performance and revenue management, figures from Extractive Industries Transparency Initiative reports are proving extremely valuable. This is especially the case in a number of African countries where state companies do not produce detailed financial reports on their own.
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.
We know how critical the natural resource sector can be for a country’s development. However, only about 10% of OGP commitments relate to natural resources. The drafting of new national action plans (NAPs) by June offers a unique opportunity to increase commitment to good governance of the oil, gas, mining and forestry industries. The OGP Openness in Natural Resources Working Group (ONRWG) has come up with three priorities...
Citizens from resource-rich African countries are showing ever-greater interest in the management of extractive resources. Civil society members and journalists are demanding transparency and accountability.