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.
Statoil, the Norwegian oil company, has made an important contribution to the global effort for greater transparency of payments from the oil industry to governments, by publishing a breakdown of its tax payments to each country around the world.
Oil companies rarely disclose how much they pay to the governments of developing countries where they operate. The citizens of these countries have no reliable way of knowing how much oil revenue their government is receiving.
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.