Photo Credit: Open Contracting Partnership and the Natural Resource Governance Institute
By Peter Glover, an Assistant Program Officer with CIPE’s Anti-Corruption and Governance Center
The Open Contracting Partnership and the Natural Resource Governance Institute jointly released a report called “Open Contracting for Oil, Gas, and Mineral Rights: Shining a Light on Good Practice.” The report is the result of collaborative research on good practices that governments can use to make the allocation and management of oil, gas, and mineral rights more transparent. The report finds that although deals in the oil, gas, and mining sectors amount to billions of dollars over decades, there is little systematic guidance for ensuring transparency in those deals and the processes around them.
Many of the report’s examples of good practices are pulled from OECD countries, but there are also examples from emerging markets like Lebanon, Sierra Leone, and the Philippines. Sierra Leone, for example, discloses the exploration and exploitation contracts between it and industry. Read More...