In an move welcomed by observers and oversight actors, the regulatory body overseeing the Lebanese oil and gas sector has published exploration and production agreements by the government and a consortium for two offshore blocks.
La précarité de la situation politique et sécuritaire de la République Démocratique du Congo (RDC) continue à faire l’actualité. Mais malgré l’instabilité de ce pays, d’importants progrès ont été enregistrés, du côté du Gouvernement comme de la société civile, sur la voie de la publication des contrats relatifs à l’extraction des ressources naturelles de la RDC.
The precarious political and security situations in the Democratic Republic of Congo continue to make global headlines. But despite the upheaval, government actors and civil society advocates have made strides in the important initiative to make public many of the contracts that govern extraction of the country’s bountiful natural resources.
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.
Political parties can help ensure that their country gets the best deal for the extraction of its resources, manages revenues for the long-term best interests of citizens and avoids the resource curse.
In a report, Rio Tinto was accused of “illegitimately lowering” its withholding taxes paid to the government of Mongolia in relation to the Oyu Tolgoi copper mine. Rio allegedly did this by using a double tax agreement between Mongolia and the Netherlands, in addition to which it negotiated an even lower rate of withholding tax in its amended mining agreement in 2011. This piece reviews Rio’s tax arrangements.
On the sidelines of Advancing Accountable Resource Governance in Asia Pacific, Grice spoke with NRGI about a formative early work experience in Papua New Guinea as a sustainable development group manager with Newcrest Mining, his more recent work and quantifying the unquantifiable.