report of transparency in oil extraction for equatorial

Report of Transparency in Oil Extraction for Equatorial

Research Paper on Report of Transparency in Oil Extraction for Equatorial Guinea and Chad Assignment Exogenous macroeconomic, geographic and demographic factors also suggest higher risk to information transparency and economic stability including basic private property rights and the rule of law in Chad beyond balance sheet performance.

Report of Transparency in oil extraction for Equatorial

Download this essay on Report of Transparency in oil extraction for Equatorial and 90,000+ more example essays written by professionals and your peers. Research Paper Chad Guinea Promises Superior Transparency and 90,000+ more term papers written by professionals and your peers.

Transparency Essays and Research Papers Helpmyessay

Equatorial Guinea? Chad Transparency in oil extraction Allocation of points for the paper: 20 there is a coherent argument 10 there is evidence of critical, original ideas 10 the paper is balanced in terms of devoting attention to relevant components 25 there is rich in detail on country and issue 05 the writing has consistent academic style

2020 Fiscal Transparency Report United States

The Department assessed the fiscal transparency of the 140 governments identified in the 2014 Fiscal Transparency Report plus Equatorial Guinea, determined whether the minimum requirements were met, and identified any measures those governments that failed to meet the minimum requirements had implemented to make significant progress toward meeting the requirements. In conducting the 2020

Equatorial Guinea United States Department of State

Equatorial Guinea is nominally a multiparty constitutional republic. Since a military coup in 1979, President Teodoro Obiang Nguema Mbasogo has dominated all branches of government in collaboration with his clan and political party, the Democratic Party of Equatorial Guinea (PDGE), which he founded in 1991. In April 2016 President Obiang claimed to have received 93.7 percent of the vote in a

Transparency and Accountability In Africa’s Extractive

Transparency and Accountability In Africa’s Extractive Industries: The Role of The legislaTuRe ~ 5 The National Democratic Institute for International Affairs (NDI) is a non-profit organization work-ing to strengthen and expand democracy worldwide. Calling on a global network of volunteer experts, NDI provides practical assistance to civic and political leaders advancing democratic values

Equatorial Guinea moves toward joining the Extractive

In a significant move toward joining the Extractive Industry Transparency Initiative (EITI), Equatorial Guinea received the official backing of the EITI International Secretariat on Friday; The endorsement follows a decade of efforts by Equatorial Guinea to join the initiative, which seeks to address key governance issues of transparency and accountability in the extractive sectors; Support of

David Bizley

Time for Transparency: Coming clean on oil, mining and

Arguing that revenue transparency is fundamental for povertyreduction and democratisation, the report argues thatgovernments and companies should be forced to reveal the precise financialarrangements surrounding their deals on natural resource extraction. Manygovernments do not provide even basic information about their revenues. Nor dooil, mining and gas companies disclose payments made to

Promoting Revenue Transparency: 2008 report on

A majority of leading oil and gas companies are far from transparent when it comes to the payments they make to resource-rich countries, leaving the door open to corruption and hampering efforts to fight poverty. The tragic paradox, that many resource-rich countries remain poor, stems from a lack of data on oil and gas revenues and how they are managed. The 2008 Report on Revenue Transparency

Extraction Issuers”). Our research demonstrates that

Tullow Oil in Equatorial Guinea; Vedanta in India; A joint venture between Statoil, BP and ENI (with ExxonMobil as the operator) in Angola. The report demonstrates the value of the data contained in the reports on payments to governments required by the EU Accounting Directive and assesses its effectiveness in facilitating transparency and accountability. The report shows that the EU

Global Witness Statement to the Extractive Industries

Global Witness is one of the founder members of the Publish What You Pay (PWYP) campaign of over 120 NGOs that are calling for governments, especially those in the G8, to take leadership and promote transparency over resource revenues worldwide (see The coalition is calling for Northern stock market regulators and international accounting standards to require

US backs out of global oil anti-corruption effort TheHill

The Trump administration said Thursday it would exit an international effort to fight corruption that targeted revenue from oil and natural gas extraction.

Extractive Sector Transparency Measures Act (ESTMA)

The Extractive Sector Transparency Measures Act (ESTMA) was enacted by the Parliament of Canada in December 2014 and came into force on June 1, 2015. The Act requires businesses to publicly report certain payments they make to all levels of government in Canada and abroad in relation to the commercial development of oil, gas and minerals.

The Need for a Real Transparency in the Oil, Gas and

The U.S. State Department asserted in its last annual country report on Equatorial Guinea that “poor fiscal management and a lack of transparency in public accounting of national finances have undermined the country’s economic potential.” Similarly, the U.S. Department of Energy affirmed in its 2005 report that “despite rapid growth in real GDP, allegations that oil revenues have been

Africa: Oil and Transparency

Africa: Oil and Transparency . AfricaFocus Bulletin Jan 16, 2004 (040116) (Reposted from sources cited below) Editor's Note From Houston to Luanda, London to Lagos, Washington to Baghdad, or wherever else oil is found or sold, the nexus of oil, cash, and politics poses a fundamental challenge to democratic accountability. Campaigns for greater openness, including the global Publish What You

Equatorial Guinea Wikipedia

Equatorial Guinea tried to be validated as an Extractive Industries Transparency Initiative (EITI)–compliant country, working toward transparency in reporting of oil revenues and prudent use of natural resource wealth. The country obtained candidate status on 22 February 2008. It was then required to meet a number of obligations to do so, including committing to working with civil society

A Report Card On Canada's New Extractive Sector

With all companies subject to ESTMA now having been required to submit their first report of government payments related to the extraction of oil, gas or minerals, the federal Department of Natural Resources (NRCan), which is responsible for administering ESTMA, is now analyzing the first reporting cycle with an eye to increasing uniformity in reporting and to address feedback from

How Equatorial Guinea Turned Corruption into an Art

For the past two decades, Equatorial Guinea has been one of Africa’s largest oil producers and on paper, it is a middle-income economy. Yet instead of spending the country’s oil riches on

Equatorial Guinea to join EITI, key step towards oil and

Equatorial Guinea is set to join the Extractive Industry Transparency Initiative, a key step towards responsible governance of oil, gas and mineral resources in the central African nation. It is a huge step for a country that has been led for decades by the same man not too comfortable with transparency. Teodoro Obiang Nguema Mbasogo has been President of Equatorial Guinea since 1979.

EU on the cusp of extractive transparency reforms

Apart from giving indigenous communities and local authorities the opportunity to share in the wealth created by natural resource extraction, greater transparency would help ease the political tensions, corruption and conflict that often result from the unequal distribution of natural resource wealth. European investment firms have also pressed for these reforms, because more disclosure

Extractive Industries: The challenge of disclosing where

April 16 marked a decisive day for the Extractive Industries Transparency Initiative (EITI), a sister organisation to Transparency International set up to stop corruption in the energy sector and the extractive industries. The board of EITI, which is made up of people from industry, government and civil society, took the delicate decision to eject two countries for failing to comply with its


Final REPORT TANZANIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE FOR THE PERIOD JULY 1 2014 TO JUNE 30, 2015 JUNE 2017 2nd Floor, Harbour View Towers, Apt. 232, Samora Avenue, P. O. BOX 7281, Dar es Salaam, TANZANIA Tel: +255 22-2134920 -2134921 Email: [email protected] Website:

Extractive Industries Our priorities

Competition often results in heavy lobbying and even undue influence on policymaking. A recent report shows that in the three years after the Paris Agreement, the world’s five of the largest oil and gas companies spent over US$1 billion on climate-related branding and lobbying.

Extractive Industry Association Dismisses Equatorial

Last week, the board of the Extractives Industries Transparency Initiative (EITI) decided to remove Equatorial Guinea still merely a candidate for full membership from the group for failing to meet the deadline to have audits of their industries independently verified.The EITI, launched in 2003, is a joint effort by companies, governments and civil society to instill transparency and

The Wonga Coup: Transparency and Conspiracy in

If the oil wealth is a surprising gift from heaven, it is manna only for Obiang and his kin, and for the oil companies, rather than for the people of Equatorial Guinea. The quick extraction of wealth from the country and the sudden enrichment of the Obiang regime has been made possible by a global economic system that turns out to be opaque

Time Global Witness

Coming clean on oil, mining and gas revenues A Report by Global Witness. March 2004. Time for Transparency Contents Kazakhstan Equatorial Guinea Congo Brazzaville Angola Nauru 2 Global Witness investigates and exposes the role of natural resource exploitation in funding conflict and corruption. Using first-hand documentary evidence from field investigations and undercover

Transparency Win EG Justice

A Victory for Transparency Rules, and for Equatorial Guinea: it requires public disclosure of payments to foreign governments in excess of $100,000 in an annual report submitted to the SEC. The report must include details about the amount and type of payment, and applies not only to the parent company, but also to any subsidiary companies and companies under the parent company’s control

Oil in Uganda Oxford Institute for Energy Studies

Equatorial Guinea and Gabon. Oil will only flow from Uganda to international markets with the construction of a regional pipeline. A route to the Kenyan coast has long been argued to be the most economically feasible, particularly after Kenya’s discovery of oil in 2012, but a route through Tanzania may offer an alternative. In any case, the infrastructure and regional regulatory challenges

Equatorial Guinea Continues Efforts to Comply With

The seminar was primarily intended to prepare civil society members to develop and review the objectives and principles of transparent and effective management of oil resources in Equatorial Guinea.

Equatorial Guinea Wikipedia

Equatorial Guinea tried to be validated as an Extractive Industries Transparency Initiative (EITI)–compliant country, working toward transparency in reporting of oil revenues and prudent use of natural resource wealth. The country obtained candidate status on 22 February 2008. It was then required to meet a number of obligations to do so, including committing to working with civil society


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GW: Time for Transparency La'o Hamutuk

The last section of this report looks at the pressing need for international regulations and a systematic foreign policy approach to promoting revenue transparency. International stock markets and accounting standards should require oil, mining and gas companies to disclose their payments worldwide. A requirement for transparency about a country’s resource income and expenditure should

UPR Submission Report on Equatorial Guinea December 2009

UPR Submission Report on Equatorial Guinea December 2009 Introduction In this submission, EG Justice focuses on substandard living conditions in Equatorial Guinea, making special reference to the state’s neglect of individual rights to health, education, water, sanitation, and freedom from torture and inhumane treatment. 1. The Republic of Equatorial Guinea is a small Sub-Saharan African

About Publish What You Pay

The report called on oil companies operating in Angola to “publish what you pay”. British Prime Minister Tony Blair launches the Extractive Industries Transparency Initiative (EITI) at the World Summit on Sustainable Development, following lobbying by PWYP and others on the management of government revenues from extraction. Promoting the initiative becomes a cornerstone of PWYP’s work

Promoting Revenue Transparency: 2008 Report on

P R O M O T I N G R E V E N U E T R A N S PA R E N C Y. 2008 Report on Revenue Transparency of Oil and Gas Companies. International Secreteriat Alt-Moabit 96 10559 Berlin, Germany Phone: +49

Proposed extraction sector payment disclosure rule falls

The SEC voted 3-2 to propose an extraction industries disclosure rule, mandated by the 2010 Dodd-Frank Act, which would require the firms to annually report payments to a foreign government or the federal government related to the commercial development of oil, natural gas or minerals. The SEC has twice finalized such rules; the first was vacated by the US District Court for the District of

NNPC’s Financial Reports Mask Regulator from

The report further explained that unlike the NNPC and GePetrol, some emerging oil producers have established strong accountability practices for their SOEs. “In Ghana and Tanzania, SOEs must present their reports to parliament. All three also disclose revenue transfers between the government and SOE. The majority in the management boards of

IMF Staff Concludes Visit to Equatorial Guinea for the

Work on presenting a membership application to the Extractive Industries Transparency Initiative (EITI) has advanced but has not been completed. It was agreed with the authorities that the application would be submitted before IMF Board consideration of the EFF-supported program. In collaboration with the authorities, IMF staff has prepared a governance diagnostic report, which will

Guinea Extractive Industries Transparency Initiative

Guinea is a not an oil and gas producer and the upstream sector is still in its infancy. ONAP, the National Petroleum office is committed to carrying out exploration and production projects in the 22 exploration blocks located mainly offshore. Some exploratory activities took place in 2016, based on contracts that were signed previously. Commodity Reserves Unit Significance; Bauxite: 29

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