It has been a banner week for global anticorruption efforts.
The U.K. and Norway oil and gas sectors provide an ideal comparison through which to compare the outcomes from different approaches to oil sector governance.
Events unfolding in two major oil producers underscore the critical role that state-owned companies play in shaping how much a country earns from its oil—and how much citizens can expect to benefit.
A sovereign wealth fund (SWF) should serve a purpose; this seems obvious.
Just months after Kenya discovered commercial oil in 2012, the government called for the establishment of a natural resource fund (a kind of sov