Ten years ago, the global coalition Publish What You Pay helped to start a worldwide initiative to tackle corruption in the extractive industries. In the Middle East and North Africa, that is still a big challenge.
On 5th and 6th December 2012, Publish What You Pay hosted a workshop for the MENA region, in Beirut.
Auspiciously perhaps, the workshop took place as Lebanon was in in the midst of setting up its energy sector and was launching bids for offshore exploration licenses. Indeed, for many countries in the region – whether because of new regimes, new discoveries or simply a new motivation for change – it seems an opportune time to campaign for transparency and accountability in the extractive sector.
Op-ed by Director of Global Witness, Simon Taylor.
While oil, gas and minerals are by far the largest sources of state revenue for the world’s poorest nations, these resources, which should help fund development and sustainable economic growth, all too often turn out to be a curse, leading to increased poverty, child malnutrition and civil conflict.
In the 2008 Report on Revenue Transparency of Oil and Gas Companies, Transparency International (TI) evaluates 42 leading oil and gas companies on their current policies, management systems and performance in areas relevant to revenue transparency in their upstream operations.
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London/Berlin – 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, according to a report published today by Transparency International (TI).
London – In the wake of a recent report published by Transparency International , showing that leading oil and gas companies should be doing more to fight corruption and poverty in resource-rich countries, Publish What You Pay  calls on companies to publicly disclose how much money they pay to governments for the right to extract.