Nigeria’s state-owned oil company, the Nigerian National Petroleum Corporation (NNPC), has kicked off 2017 by announcing the names of 39 companies it has chosen to purchase the government’s share of oil production. But while such transaprency is welcome, the list of newly announced names raises some concerns.
The move toward income-based levies also has brought serious, and intractable, administrative difficulties, since the measurement of a taxpayer’s net income is far more difficult and prone to taxpayer avoidance than measurement of the fair market value of extracted product.
The December 2016 issue of the Caucasus Analytical Digest examined the record of human capital accumulation, gender equality and corporate social responsibility in Azerbaijan during the recent oil boom.
Tunisia’s new reformist government has committed to fight corruption and boost investment and growth, amid growing concern about the potential of Tunisia’s oil and gas sector to attract foreign investment and reduce growing energy trade deficits in the long term.
We at the Natural Resource Governance Institute (NRGI) are gathering information on the various tools and methodologies used by governments, extractive companies, multilaterals, donors, academics, consulting companies and civil society organizations to measure the non-fiscal costs and benefits of the extractive sector.