NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. THE 2021 RESOURCE GOVERNANCE INDEX RESEARCH PROCESS IS Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making. PRECEPT 2: ACCOUNTABILITY AND TRANSPARENCY Precept 2: Accountability and transparency. Resource governance requires decision makers to be accountable to an informed public. Where resource wealth is managed on behalf of citizens, it can lead to sustained prosperity only if the government is publicly accountable. Ongoing scrutiny of behavior provides a strong deterrent against

corruption

RESOURCE-BACKED LOANS: PITFALLS AND POTENTIAL Researchers examined 52 oil- and mineral-backed loans from China, commodity traders and other lenders to sub-Saharan African and Latin American countries. The analysis of the loans, which totaled $164 billion between 2004 and 2018, has exposed clear risks and opportunities that come with this type of borrowing mechanism. SOVEREIGN WEALTH FUNDS: GUIDANCE FOR POLICYMAKERS The Alberta Heritage Savings Trust Fund in Canada, for instance, was designed in part to save oil revenues for future generations, yet it failed to save anything in all but two years between 1987 and 2012. And despite Trinidad and Tobago's Heritage and Stabilization Fund's mandate to mitigate the negative effects of oil revenue volatility on the country's budget, it led to worse public NIGERIA - 1969 PETROLEUM ACT Nigeria - 1969 Petroleum Act. 1 January 2010. Download. Nigeria Petroleum Act (1990) (PDF 1.05 MB) This is an act that provides for the exploration of petroleum from territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources in the Federal

Government.

BENEFICIAL OWNERSHIP SCREENING: PRACTICAL MEASURES TO 4 Beneficial Ownership Screening: Practical Measures to Reduce Corruption Risks in Extractives Licensing DISCUSSION DRAFT Mexico’s 2014 Hydrocarbons Law6 provides such an example: Article 93.

COMMODITY TRADING

5 Commodity Trading so that no company receives an undue advantage and that the NOC is assured that it’s receiving the best possible price. 3 Receiving the revenue.The NOC should receive revenue in exchange for

the crude

PRODUCTION SHARING AGREEMENT TRANSLATION Recitals WHEREAS, through Decree No.__ /__, of , the Government of the Republic of Angola, in accordance with the Petroleum Activities Law (Law No. 10/04, of 12 November 2004), has granted Sonangol an exclusive concession for the exercise of the mining rights TANZANIA - RESOURCE GOVERNANCE 3 Country Strategy Note: Tanzania A raft of key strategy documents in natural gas and mining, along with recent long-term plans and national visioning documents, point NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. THE 2021 RESOURCE GOVERNANCE INDEX RESEARCH PROCESS IS Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making. PRECEPT 2: ACCOUNTABILITY AND TRANSPARENCY Precept 2: Accountability and transparency. Resource governance requires decision makers to be accountable to an informed public. Where resource wealth is managed on behalf of citizens, it can lead to sustained prosperity only if the government is publicly accountable. Ongoing scrutiny of behavior provides a strong deterrent against

corruption

RESOURCE-BACKED LOANS: PITFALLS AND POTENTIAL Researchers examined 52 oil- and mineral-backed loans from China, commodity traders and other lenders to sub-Saharan African and Latin American countries. The analysis of the loans, which totaled $164 billion between 2004 and 2018, has exposed clear risks and opportunities that come with this type of borrowing mechanism. SOVEREIGN WEALTH FUNDS: GUIDANCE FOR POLICYMAKERS The Alberta Heritage Savings Trust Fund in Canada, for instance, was designed in part to save oil revenues for future generations, yet it failed to save anything in all but two years between 1987 and 2012. And despite Trinidad and Tobago's Heritage and Stabilization Fund's mandate to mitigate the negative effects of oil revenue volatility on the country's budget, it led to worse public NIGERIA - 1969 PETROLEUM ACT Nigeria - 1969 Petroleum Act. 1 January 2010. Download. Nigeria Petroleum Act (1990) (PDF 1.05 MB) This is an act that provides for the exploration of petroleum from territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources in the Federal

Government.

BENEFICIAL OWNERSHIP SCREENING: PRACTICAL MEASURES TO 4 Beneficial Ownership Screening: Practical Measures to Reduce Corruption Risks in Extractives Licensing DISCUSSION DRAFT Mexico’s 2014 Hydrocarbons Law6 provides such an example: Article 93.

COMMODITY TRADING

5 Commodity Trading so that no company receives an undue advantage and that the NOC is assured that it’s receiving the best possible price. 3 Receiving the revenue.The NOC should receive revenue in exchange for

the crude

PRODUCTION SHARING AGREEMENT TRANSLATION Recitals WHEREAS, through Decree No.__ /__, of , the Government of the Republic of Angola, in accordance with the Petroleum Activities Law (Law No. 10/04, of 12 November 2004), has granted Sonangol an exclusive concession for the exercise of the mining rights TANZANIA - RESOURCE GOVERNANCE 3 Country Strategy Note: Tanzania A raft of key strategy documents in natural gas and mining, along with recent long-term plans and national visioning documents, point APPROACH | NATURAL RESOURCE GOVERNANCE INSTITUTE Tax regimes and contractual terms should enable the government to realize the full value of its resources consistent with attracting necessary investment, and should be robust to changing circumstances. G7 COUNTRIES CANNOT SECURE CRITICAL MINERALS WITHOUT Minerals used in selected clean energy technologies. Click to enlarge. As G7 countries unveil climate commitments that rely on battery and other clean technologies, securing critical mineral supplies has shot up the policy agenda, with major consumers such as the U.S. and the EU focusing on securing supplies closer to home. As the Biden administration recognizes, these efforts are unlikely to NEWS | NATURAL RESOURCE GOVERNANCE INSTITUTE Enter your keywords . Natural Resource Governance Institute. Topics

THE VALUE CHAIN

A value chain is a way of describing the stages by which the full value of a product is managed and ultimately realized. When applied to the extractive industries, the framework describes the steps from the extraction of natural resources, to their processing and sale, all PRIMER: MEASUREMENT AND ASSESSMENT OF NATURAL RESOURCE Countries ought to initiate a strategy process as early as possible; the process should guide decision making yet remain adaptable to changing circumstances. BORROWERS AND LENDERS MUST COME CLEAN ON TERMS OF Resource-backed loans from China and commodity traders exacerbate debt troubles for some oil- and mineral-producing countries; new approach needed China is the dominant resource-backed lender; two Chinese banks provided 77 percent of the $164 billion in resource-backed loans covered in new report Loan agreements hidden from scrutiny COLOMBIA: UPDATED ASSESSMENT OF THE IMPACT OF THE Español » This is one of a series of country briefings produced by NRGI to summarize the evolving situation with respect to the pandemic and its economic impacts. The analysis it contains is subject to change with circumstances, and may be updated in due course. Key messages. Historically prudent economic management in Colombia has resulted in sufficient fiscal space to assume debt, TWELVE RED FLAGS: CORRUPTION RISKS IN THE AWARD OF Oversight actors can detect and prevent corruption in the oil, gas and mining sectors if they ask the right questions. Corruption schemes can be complex and opaque, yet clear patterns and similar signs of problematic behavior do exist across resource-rich countries. DID THE U.K. MISS OUT ON £400 BILLION WORTH OF OIL REVENUE Source: BP Statistical Review 2014 and Norway government data (www.norskpetroleum.no). Second, Norway earned $9 per boe more just in taxes. Partly this is an effect of the different in timing of sales, as already shown. In part it also reflects the larger field sizes in Norway with consequent lower unit production costs and higher taxable profits. It also reflects differences in the tax regime OPEN CONTRACTING FOR OIL, GAS AND MINERAL RIGHTS: SHINING 4 Open Contracting for Oil, Gas and Mineral Rights: Shining a Light on Good Practice 5 Reconcile sub-surface and surface rights and the needs

of their users.

NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. MARCH 2021 NEWS AND ANALYSIS FROM NRGI REVENUE SHARING CASE STUDY MINERAL REVENUE SHARING IN PERU 3 Mineral Revenue Sharing in Peru Summary This report provides an overview of natural resource related intergovernmental transfers in Peru—that is, the revenue that the Peruvian national government

earns

MINERALS AND MINING ACT Minerals and Mining Act, 2006 Act 703 65. Offence and penalties under sections 62 to 64 66. Powers of search and arrest Surrender, suspension and cancellations of mineral rights THE NATIONAL OIL COMPANY DATABASE Content Cover illustration by Andriy Privalov Key messages • NRGI’s National Oil Company Database, available at www.nationaloilcompanydata.org, provides the world’s largest set of open data on NOC production, revenues, spending and transfers to government, with more NATIONAL ENVIRONMENT MANAGEMENT AUTHORITY EIA Guidelines for the Energy Sector 8 Lead Agency: Any ministry, department, parastatal agency, local government system or public officer in which or in whom any law vests function of control or management of any segment of the environment. REVENUE SHARING CASE STUDY OIL AND GAS REVENUE SHARING IN … 3 Oil and Gas Revenue Sharing in Iraq Summary This study provides an overview of Iraq’s oil and gas revenue sharing, that is, the revenue that the Iraq national government earns from extraction and then REVENUS DU SECTEUR MINIER DE LA RDC : AMÉLIORER LA 5 Revenus du secteur minier de la RDC : Amêliorer la redevabilitê par lanalyse des rapports sur les paiements aux gouvernements Pour que les rapports sur les MINES & MINERALS POLICY OF MALAWI REPUBLIC OF MALAWI MINES & MINERALS POLICY OF MALAWI Ministry of Energy and Mines, Private Bag 350, Capital City, Lilongwe 3, MALAWI E-Mail: mmnre@sdnp.org.mw TANZANIA - RESOURCE GOVERNANCE 3 Country Strategy Note: Tanzania A raft of key strategy documents in natural gas and mining, along with recent long-term plans and national visioning documents, point NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. MARCH 2021 NEWS AND ANALYSIS FROM NRGI REVENUE SHARING CASE STUDY MINERAL REVENUE SHARING IN PERU 3 Mineral Revenue Sharing in Peru Summary This report provides an overview of natural resource related intergovernmental transfers in Peru—that is, the revenue that the Peruvian national government

earns

MINERALS AND MINING ACT Minerals and Mining Act, 2006 Act 703 65. Offence and penalties under sections 62 to 64 66. Powers of search and arrest Surrender, suspension and cancellations of mineral rights THE NATIONAL OIL COMPANY DATABASE Content Cover illustration by Andriy Privalov Key messages • NRGI’s National Oil Company Database, available at www.nationaloilcompanydata.org, provides the world’s largest set of open data on NOC production, revenues, spending and transfers to government, with more NATIONAL ENVIRONMENT MANAGEMENT AUTHORITY EIA Guidelines for the Energy Sector 8 Lead Agency: Any ministry, department, parastatal agency, local government system or public officer in which or in whom any law vests function of control or management of any segment of the environment. REVENUE SHARING CASE STUDY OIL AND GAS REVENUE SHARING IN … 3 Oil and Gas Revenue Sharing in Iraq Summary This study provides an overview of Iraq’s oil and gas revenue sharing, that is, the revenue that the Iraq national government earns from extraction and then REVENUS DU SECTEUR MINIER DE LA RDC : AMÉLIORER LA 5 Revenus du secteur minier de la RDC : Amêliorer la redevabilitê par lanalyse des rapports sur les paiements aux gouvernements Pour que les rapports sur les MINES & MINERALS POLICY OF MALAWI REPUBLIC OF MALAWI MINES & MINERALS POLICY OF MALAWI Ministry of Energy and Mines, Private Bag 350, Capital City, Lilongwe 3, MALAWI E-Mail: mmnre@sdnp.org.mw TANZANIA - RESOURCE GOVERNANCE 3 Country Strategy Note: Tanzania A raft of key strategy documents in natural gas and mining, along with recent long-term plans and national visioning documents, point APPROACH | NATURAL RESOURCE GOVERNANCE INSTITUTE Tax regimes and contractual terms should enable the government to realize the full value of its resources consistent with attracting necessary investment, and should be robust to changing circumstances. G7 COUNTRIES CANNOT SECURE CRITICAL MINERALS WITHOUT Minerals used in selected clean energy technologies. Click to enlarge. As G7 countries unveil climate commitments that rely on battery and other clean technologies, securing critical mineral supplies has shot up the policy agenda, with major consumers such as the U.S. and the EU focusing on securing supplies closer to home. As the Biden administration recognizes, these efforts are unlikely to THE 2021 RESOURCE GOVERNANCE INDEX RESEARCH PROCESS IS Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making. FRAMEWORK | NATURAL RESOURCE GOVERNANCE INSTITUTE The Natural Resource Charter is a set of principles for governments and societies on how to best harness the opportunities created by extractive resources for development. It outlines tools and policy options designed to avoid the mismanagement of diminishing natural riches and ensure their ongoing benefits. The charter is organized

around 12

NEWS | NATURAL RESOURCE GOVERNANCE INSTITUTE Enter your keywords . Natural Resource Governance Institute. Topics BORROWERS AND LENDERS MUST COME CLEAN ON TERMS OF Resource-backed loans from China and commodity traders exacerbate debt troubles for some oil- and mineral-producing countries; new approach needed China is the dominant resource-backed lender; two Chinese banks provided 77 percent of the $164 billion in resource-backed loans covered in new report Loan agreements hidden from scrutiny MINERALS AND MINING ACT Minerals and Mining Act, 2006 Act 703 65. Offence and penalties under sections 62 to 64 66. Powers of search and arrest Surrender, suspension and cancellations of mineral rights THE OIL AND GAS INDUSTRY 2 The Oil and Gas Industr Natural gas is mostly methane, with some other contaminants. It is also described as either sweet or sour depending on the amount of hydrogen sulfide in the reservoir. When gas is refined, leaving mostly methane, it is called dry gas. Often

natural gas is

LE SECTEUR DES RESSOURCES NATURELLES EN AFRIQUE SETRANSLATE THIS PAGE English » ACCRA et LONDRES, le 15 avril 2019 – Les pays d’Afrique subsaharienne, une région riche en ressources naturelles, peinent � pleinement tirer profit de leurs vastes ressources pétrolières et minières en raison de « lacunes dans la mise en œuvre » des lois régissant les industries extractives et du décalage avec les pratiques réelles qui en résulte. NATIONAL ENVIRONMENT MANAGEMENT AUTHORITY EIA Guidelines for the Energy Sector 8 Lead Agency: Any ministry, department, parastatal agency, local government system or public officer in which or in whom any law vests function of control or management of any segment of the environment. NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. SOVEREIGN WEALTH FUNDS: GUIDANCE FOR POLICYMAKERS The Alberta Heritage Savings Trust Fund in Canada, for instance, was designed in part to save oil revenues for future generations, yet it failed to save anything in all but two years between 1987 and 2012. And despite Trinidad and Tobago's Heritage and Stabilization Fund's mandate to mitigate the negative effects of oil revenue volatility on the country's budget, it led to worse public THE 2021 RESOURCE GOVERNANCE INDEX RESEARCH PROCESS IS Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making. PRECEPT 2: ACCOUNTABILITY AND TRANSPARENCY Precept 2: Accountability and transparency. Resource governance requires decision makers to be accountable to an informed public. Where resource wealth is managed on behalf of citizens, it can lead to sustained prosperity only if the government is publicly accountable. Ongoing scrutiny of behavior provides a strong deterrent against

corruption

NIGERIA - 1969 PETROLEUM ACT Nigeria - 1969 Petroleum Act. 1 January 2010. Download. Nigeria Petroleum Act (1990) (PDF 1.05 MB) This is an act that provides for the exploration of petroleum from territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources in the Federal

Government.

COLOMBIA: UPDATED ASSESSMENT OF THE IMPACT OF THE Español » This is one of a series of country briefings produced by NRGI to summarize the evolving situation with respect to the pandemic and its economic impacts. The analysis it contains is subject to change with circumstances, and may be updated in due course. Key messages. Historically prudent economic management in Colombia has resulted in sufficient fiscal space to assume debt, NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. SOVEREIGN WEALTH FUNDS: GUIDANCE FOR POLICYMAKERS The Alberta Heritage Savings Trust Fund in Canada, for instance, was designed in part to save oil revenues for future generations, yet it failed to save anything in all but two years between 1987 and 2012. And despite Trinidad and Tobago's Heritage and Stabilization Fund's mandate to mitigate the negative effects of oil revenue volatility on the country's budget, it led to worse public THE 2021 RESOURCE GOVERNANCE INDEX RESEARCH PROCESS IS Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making. PRECEPT 2: ACCOUNTABILITY AND TRANSPARENCY Precept 2: Accountability and transparency. Resource governance requires decision makers to be accountable to an informed public. Where resource wealth is managed on behalf of citizens, it can lead to sustained prosperity only if the government is publicly accountable. Ongoing scrutiny of behavior provides a strong deterrent against

corruption

NIGERIA - 1969 PETROLEUM ACT Nigeria - 1969 Petroleum Act. 1 January 2010. Download. Nigeria Petroleum Act (1990) (PDF 1.05 MB) This is an act that provides for the exploration of petroleum from territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources in the Federal

Government.

COLOMBIA: UPDATED ASSESSMENT OF THE IMPACT OF THE Español » This is one of a series of country briefings produced by NRGI to summarize the evolving situation with respect to the pandemic and its economic impacts. The analysis it contains is subject to change with circumstances, and may be updated in due course. Key messages. Historically prudent economic management in Colombia has resulted in sufficient fiscal space to assume debt, TWELVE RED FLAGS: CORRUPTION RISKS IN THE AWARD OF Oversight actors can detect and prevent corruption in the oil, gas and mining sectors if they ask the right questions. Corruption schemes can be complex and opaque, yet clear patterns and similar signs of problematic behavior do exist across resource-rich countries. THE FISCAL REGIME FOR UGANDA’S MINING SECTOR: A NEED FOR 5 The Fiscal Regime for Uganda’s Mining Sector: A Need for Reform? Introduction: Realizing Uganda’s mining potential Since the discovery of oil in 2006, Ugandans have focused on the promise that

its

FUNDAMENTALS OF OIL AND GAS GOVERNANCE 1 About the hub The MENA Natural Resource Governance Hub was established in 2014 by LCPS and NRGI as part of a worldwide network of six regional hubs on natural CHINESE COMPANIES IN THE EXTRACTIVE INDUSTRIES OF GABON The findings, interpretations, and conclusions expressed therein are those of the authors and do not necessarily reflect the views of the Extractive Industries Transparency Initiative and

ANALYSIS & TOOLS

Helping people to realize the benefits of their countries’ endowments of oil, gas and minerals. APPROACH | NATURAL RESOURCE GOVERNANCE INSTITUTE Tax regimes and contractual terms should enable the government to realize the full value of its resources consistent with attracting necessary investment, and should be robust to changing circumstances. G7 COUNTRIES CANNOT SECURE CRITICAL MINERALS WITHOUT Minerals used in selected clean energy technologies. Click to enlarge. As G7 countries unveil climate commitments that rely on battery and other clean technologies, securing critical mineral supplies has shot up the policy agenda, with major consumers such as the U.S. and the EU focusing on securing supplies closer to home. As the Biden administration recognizes, these efforts are unlikely to COUNTRIES | NATURAL RESOURCE GOVERNANCE INSTITUTE NRGI works intensively in a dozen “priority countries,” and is involved in some projects in “limited engagement countries.” We also compile basic resource governance information on “other

countries.”

THE VALUE CHAIN

A value chain is a way of describing the stages by which the full value of a product is managed and ultimately realized. When applied to the extractive industries, the framework describes the steps from the extraction of natural resources, to their processing and sale, all PRIMER: MEASUREMENT AND ASSESSMENT OF NATURAL RESOURCE Countries ought to initiate a strategy process as early as possible; the process should guide decision making yet remain adaptable to changing circumstances. COLOMBIA: UPDATED ASSESSMENT OF THE IMPACT OF THE Español » This is one of a series of country briefings produced by NRGI to summarize the evolving situation with respect to the pandemic and its economic impacts. The analysis it contains is subject to change with circumstances, and may be updated in due course. Key messages. Historically prudent economic management in Colombia has resulted in sufficient fiscal space to assume debt,

AUDREY GAUGHRAN

Les pays qui s’engagent dans la production de pétrole et de gaz � grande échelle sont confrontés à un certain nombr t.co/21nrtg16pM

NRGI READER

2 The Resource Curse • Democracy: Natural resource wealth, particularly oil wealth, has made it more likely for governments to become or remain authoritarian over DID THE U.K. MISS OUT ON £400 BILLION WORTH OF OIL REVENUE Source: BP Statistical Review 2014 and Norway government data (www.norskpetroleum.no). Second, Norway earned $9 per boe more just in taxes. Partly this is an effect of the different in timing of sales, as already shown. In part it also reflects the larger field sizes in Norway with consequent lower unit production costs and higher taxable profits. It also reflects differences in the tax regime NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. ABOUT US | NATURAL RESOURCE GOVERNANCE INSTITUTENATURAL RESOURCE GOVERNANCERESOURCE GOVERNANCE INDEXSERVICE FABRIC RESOURCE GOVERNANCE About Us. NRGI’s aim is that countries rich in oil, gas and minerals achieve sustainable, inclusive development, and that people receive lasting benefits from POLITICAL PARTIES AND NATURAL RESOURCE GOVERNANCE: A Where there is free and equal access to political power, there are stronger laws, institutions and practices in place to help realize the full value of resource extraction and to manage resulting revenues. This guide shows how political parties can better devise policy

platforms for

THE VALUE CHAIN

A value chain is a way of describing the stages by which the full value of a product is managed and ultimately realized. When applied to the extractive industries, the framework describes the steps from the extraction of natural resources, to their processing and sale, all BENEFICIAL OWNERSHIP SCREENING: PRACTICAL MEASURES TO 4 Beneficial Ownership Screening: Practical Measures to Reduce Corruption Risks in Extractives Licensing DISCUSSION DRAFT Mexico’s 2014 Hydrocarbons Law6 provides such an example: Article 93. NIGERIA - 1969 PETROLEUM ACT Nigeria - 1969 Petroleum Act. 1 January 2010. Download. Nigeria Petroleum Act (1990) (PDF 1.05 MB) This is an act that provides for the exploration of petroleum from territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources in the Federal

Government.

SOVEREIGN WEALTH FUNDS: GUIDANCE FOR POLICYMAKERS The Alberta Heritage Savings Trust Fund in Canada, for instance, was designed in part to save oil revenues for future generations, yet it failed to save anything in all but two years between 1987 and 2012. And despite Trinidad and Tobago's Heritage and Stabilization Fund's mandate to mitigate the negative effects of oil revenue volatility on the country's budget, it led to worse public THE MIRACLE THAT BECAME A DEBACLE: IRON ORE IN SIERRAAFRICA SIERRA LEONESIERRA LEONE COUNTRYSIERRA LEONE CULTURESIERRA LEONE HISTORYSIERRA LEONE NEWSWHAT IS SIERRA LEONE LIKE The shutdowns come at a particularly bad time for the Sierra Leonean economy. The country is reeling from the Ebola crisis, and even before the most recent tumble in ore prices budget deficits stemming from reliance on overly rosy scenarios were widening. Using information from a November 2011 report, the IMF and government jointly projected

COMMODITY TRADING

5 Commodity Trading so that no company receives an undue advantage and that the NOC is assured that it’s receiving the best possible price. 3 Receiving the revenue.The NOC should receive revenue in exchange for

the crude

THE FISCAL REGIME FOR UGANDA’S MINING SECTOR: A NEED FOR 5 The Fiscal Regime for Uganda’s Mining Sector: A Need for Reform? Introduction: Realizing Uganda’s mining potential Since the discovery of oil in 2006, Ugandans have focused on the promise that

its

NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. ABOUT US | NATURAL RESOURCE GOVERNANCE INSTITUTENATURAL RESOURCE GOVERNANCERESOURCE GOVERNANCE INDEXSERVICE FABRIC RESOURCE GOVERNANCE About Us. NRGI’s aim is that countries rich in oil, gas and minerals achieve sustainable, inclusive development, and that people receive lasting benefits from POLITICAL PARTIES AND NATURAL RESOURCE GOVERNANCE: A Where there is free and equal access to political power, there are stronger laws, institutions and practices in place to help realize the full value of resource extraction and to manage resulting revenues. This guide shows how political parties can better devise policy

platforms for

THE VALUE CHAIN

A value chain is a way of describing the stages by which the full value of a product is managed and ultimately realized. When applied to the extractive industries, the framework describes the steps from the extraction of natural resources, to their processing and sale, all BENEFICIAL OWNERSHIP SCREENING: PRACTICAL MEASURES TO 4 Beneficial Ownership Screening: Practical Measures to Reduce Corruption Risks in Extractives Licensing DISCUSSION DRAFT Mexico’s 2014 Hydrocarbons Law6 provides such an example: Article 93. NIGERIA - 1969 PETROLEUM ACT Nigeria - 1969 Petroleum Act. 1 January 2010. Download. Nigeria Petroleum Act (1990) (PDF 1.05 MB) This is an act that provides for the exploration of petroleum from territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources in the Federal

Government.

SOVEREIGN WEALTH FUNDS: GUIDANCE FOR POLICYMAKERS The Alberta Heritage Savings Trust Fund in Canada, for instance, was designed in part to save oil revenues for future generations, yet it failed to save anything in all but two years between 1987 and 2012. And despite Trinidad and Tobago's Heritage and Stabilization Fund's mandate to mitigate the negative effects of oil revenue volatility on the country's budget, it led to worse public THE MIRACLE THAT BECAME A DEBACLE: IRON ORE IN SIERRAAFRICA SIERRA LEONESIERRA LEONE COUNTRYSIERRA LEONE CULTURESIERRA LEONE HISTORYSIERRA LEONE NEWSWHAT IS SIERRA LEONE LIKE The shutdowns come at a particularly bad time for the Sierra Leonean economy. The country is reeling from the Ebola crisis, and even before the most recent tumble in ore prices budget deficits stemming from reliance on overly rosy scenarios were widening. Using information from a November 2011 report, the IMF and government jointly projected

COMMODITY TRADING

5 Commodity Trading so that no company receives an undue advantage and that the NOC is assured that it’s receiving the best possible price. 3 Receiving the revenue.The NOC should receive revenue in exchange for

the crude

THE FISCAL REGIME FOR UGANDA’S MINING SECTOR: A NEED FOR 5 The Fiscal Regime for Uganda’s Mining Sector: A Need for Reform? Introduction: Realizing Uganda’s mining potential Since the discovery of oil in 2006, Ugandans have focused on the promise that

its

ABOUT US | NATURAL RESOURCE GOVERNANCE INSTITUTE About Us. NRGI’s aim is that countries rich in oil, gas and minerals achieve sustainable, inclusive development, and that people receive lasting benefits from

ANALYSIS & TOOLS

Helping people to realize the benefits of their countries’ endowments of oil, gas and minerals. PRIMER: REVENUE MANAGEMENT AND DISTRIBUTION Sustainable economic development cannot come from merely extracting a resource. Authorities must invest revenues so that current and future generations enjoy the bounty. PRECEPT 2: ACCOUNTABILITY AND TRANSPARENCY Precept 2: Accountability and transparency. Resource governance requires decision makers to be accountable to an informed public. Where resource wealth is managed on behalf of citizens, it can lead to sustained prosperity only if the government is publicly accountable. Ongoing scrutiny of behavior provides a strong deterrent against

corruption

THREE WAYS THE U.S. CAN HELP TO PREVENT NEXT-GENERATION As the Biden administration ramps up its anticorruption efforts, officials should pursue policies that heed lessons from these past investigations and that reflect the world’s fast-changing energy and

mineral markets.

HERVÉ LADO

Hervé is also an experienced teacher on corporate social responsibility, economics and ethics. He has authored publications on development processes in Africa and the role of corporations, including a book on economic and political dynamics in the history of Nigeria. Hervé holds a Ph.D. in economics from University Paris 1

Panthéon-Sorbonne

MINERALS AND MINING ACT Minerals and Mining Act, 2006 Act 703 65. Offence and penalties under sections 62 to 64 66. Powers of search and arrest Surrender, suspension and cancellations of mineral rights THE MIRACLE THAT BECAME A DEBACLE: IRON ORE IN SIERRA Resource-rich, developing countries are experiencing deep turmoil due to low commodity prices. In many West African countries such as Sierra Leone, Guinea and Liberia, the future of some large iron ore projects, under development for the last five years, is looking uncertain. APPOINTMENT OF CHIEF PROGRAMS OFFICER 4 NRGI Appointment of Chief Programs Officer About NRGI In its 2020-2025 Strategy, NRGI commits to working with partners to advance the following objectives: • Getting DID THE U.K. MISS OUT ON £400 BILLION WORTH OF OIL REVENUE Source: BP Statistical Review 2014 and Norway government data (www.norskpetroleum.no). Second, Norway earned $9 per boe more just in taxes. Partly this is an effect of the different in timing of sales, as already shown. In part it also reflects the larger field sizes in Norway with consequent lower unit production costs and higher taxable profits. It also reflects differences in the tax regime NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. ABOUT US | NATURAL RESOURCE GOVERNANCE INSTITUTENATURAL RESOURCE GOVERNANCERESOURCE GOVERNANCE INDEXSERVICE FABRIC RESOURCE GOVERNANCE About Us. NRGI’s aim is that countries rich in oil, gas and minerals achieve sustainable, inclusive development, and that people receive lasting benefits from POLITICAL PARTIES AND NATURAL RESOURCE GOVERNANCE: A Where there is free and equal access to political power, there are stronger laws, institutions and practices in place to help realize the full value of resource extraction and to manage resulting revenues. This guide shows how political parties can better devise policy

platforms for

THE VALUE CHAIN

A value chain is a way of describing the stages by which the full value of a product is managed and ultimately realized. When applied to the extractive industries, the framework describes the steps from the extraction of natural resources, to their processing and sale, all BENEFICIAL OWNERSHIP SCREENING: PRACTICAL MEASURES TO 4 Beneficial Ownership Screening: Practical Measures to Reduce Corruption Risks in Extractives Licensing DISCUSSION DRAFT Mexico’s 2014 Hydrocarbons Law6 provides such an example: Article 93. NIGERIA - 1969 PETROLEUM ACT Nigeria - 1969 Petroleum Act. 1 January 2010. Download. Nigeria Petroleum Act (1990) (PDF 1.05 MB) This is an act that provides for the exploration of petroleum from territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources in the Federal

Government.

SOVEREIGN WEALTH FUNDS: GUIDANCE FOR POLICYMAKERS The Alberta Heritage Savings Trust Fund in Canada, for instance, was designed in part to save oil revenues for future generations, yet it failed to save anything in all but two years between 1987 and 2012. And despite Trinidad and Tobago's Heritage and Stabilization Fund's mandate to mitigate the negative effects of oil revenue volatility on the country's budget, it led to worse public THE MIRACLE THAT BECAME A DEBACLE: IRON ORE IN SIERRAAFRICA SIERRA LEONESIERRA LEONE COUNTRYSIERRA LEONE CULTURESIERRA LEONE HISTORYSIERRA LEONE NEWSWHAT IS SIERRA LEONE LIKE The shutdowns come at a particularly bad time for the Sierra Leonean economy. The country is reeling from the Ebola crisis, and even before the most recent tumble in ore prices budget deficits stemming from reliance on overly rosy scenarios were widening. Using information from a November 2011 report, the IMF and government jointly projected

COMMODITY TRADING

5 Commodity Trading so that no company receives an undue advantage and that the NOC is assured that it’s receiving the best possible price. 3 Receiving the revenue.The NOC should receive revenue in exchange for

the crude

THE FISCAL REGIME FOR UGANDA’S MINING SECTOR: A NEED FOR 5 The Fiscal Regime for Uganda’s Mining Sector: A Need for Reform? Introduction: Realizing Uganda’s mining potential Since the discovery of oil in 2006, Ugandans have focused on the promise that

its

NATURAL RESOURCE GOVERNANCE INSTITUTETOPICSAPPROACHCOUNTRIESLEARNINGANALYSIS & TOOLSABOUT US Resource Governance and the Energy Transition: A Commentary Series. The transition from fossil fuels to renewable energy is a global imperative. This transition presents challenges and opportunities for the hundreds of millions of people living in resource-rich countries. STRATEGIC DIRECTIONS. ABOUT US | NATURAL RESOURCE GOVERNANCE INSTITUTENATURAL RESOURCE GOVERNANCERESOURCE GOVERNANCE INDEXSERVICE FABRIC RESOURCE GOVERNANCE About Us. NRGI’s aim is that countries rich in oil, gas and minerals achieve sustainable, inclusive development, and that people receive lasting benefits from POLITICAL PARTIES AND NATURAL RESOURCE GOVERNANCE: A Where there is free and equal access to political power, there are stronger laws, institutions and practices in place to help realize the full value of resource extraction and to manage resulting revenues. This guide shows how political parties can better devise policy

platforms for

THE VALUE CHAIN

A value chain is a way of describing the stages by which the full value of a product is managed and ultimately realized. When applied to the extractive industries, the framework describes the steps from the extraction of natural resources, to their processing and sale, all BENEFICIAL OWNERSHIP SCREENING: PRACTICAL MEASURES TO 4 Beneficial Ownership Screening: Practical Measures to Reduce Corruption Risks in Extractives Licensing DISCUSSION DRAFT Mexico’s 2014 Hydrocarbons Law6 provides such an example: Article 93. NIGERIA - 1969 PETROLEUM ACT Nigeria - 1969 Petroleum Act. 1 January 2010. Download. Nigeria Petroleum Act (1990) (PDF 1.05 MB) This is an act that provides for the exploration of petroleum from territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources in the Federal

Government.

ABOUT US | NATURAL RESOURCE GOVERNANCE INSTITUTE About Us. NRGI’s aim is that countries rich in oil, gas and minerals achieve sustainable, inclusive development, and that people receive lasting benefits from

ANALYSIS & TOOLS

Helping people to realize the benefits of their countries’ endowments of oil, gas and minerals. PRIMER: REVENUE MANAGEMENT AND DISTRIBUTION Sustainable economic development cannot come from merely extracting a resource. Authorities must invest revenues so that current and future generations enjoy the bounty. PRECEPT 2: ACCOUNTABILITY AND TRANSPARENCY Precept 2: Accountability and transparency. Resource governance requires decision makers to be accountable to an informed public. Where resource wealth is managed on behalf of citizens, it can lead to sustained prosperity only if the government is publicly accountable. Ongoing scrutiny of behavior provides a strong deterrent against

corruption

THREE WAYS THE U.S. CAN HELP TO PREVENT NEXT-GENERATION As the Biden administration ramps up its anticorruption efforts, officials should pursue policies that heed lessons from these past investigations and that reflect the world’s fast-changing energy and

mineral markets.

HERVÉ LADO

Hervé is also an experienced teacher on corporate social responsibility, economics and ethics. He has authored publications on development processes in Africa and the role of corporations, including a book on economic and political dynamics in the history of Nigeria. Hervé holds a Ph.D. in economics from University Paris 1

Panthéon-Sorbonne

MINERALS AND MINING ACT Minerals and Mining Act, 2006 Act 703 65. Offence and penalties under sections 62 to 64 66. Powers of search and arrest Surrender, suspension and cancellations of mineral rights THE MIRACLE THAT BECAME A DEBACLE: IRON ORE IN SIERRA Resource-rich, developing countries are experiencing deep turmoil due to low commodity prices. In many West African countries such as Sierra Leone, Guinea and Liberia, the future of some large iron ore projects, under development for the last five years, is looking uncertain. APPOINTMENT OF CHIEF PROGRAMS OFFICER 4 NRGI Appointment of Chief Programs Officer About NRGI In its 2020-2025 Strategy, NRGI commits to working with partners to advance the following objectives: • Getting DID THE U.K. MISS OUT ON £400 BILLION WORTH OF OIL REVENUE Source: BP Statistical Review 2014 and Norway government data (www.norskpetroleum.no). Second, Norway earned $9 per boe more just in taxes. Partly this is an effect of the different in timing of sales, as already shown. In part it also reflects the larger field sizes in Norway with consequent lower unit production costs and higher taxable profits. It also reflects differences in the tax regime Skip to main content

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Guy Oliver/IRIN

OIL MARKET VOLATILITY AMIDST MARKET CHAOS, OIL PRICE PLUNGE A WARNING TO STATE-OWNED

COMPANIES

Leaders of resource-rich developing countries must consider risks and future market scenarios before allowing state oil companies to continue the “drill-collect-borrow-spend” cycle that has dominated

their strategies.

DEBT AND EXTRACTIVES RESOURCE-BACKED LOANS: PITFALLS AND POTENTIAL New research quantifies the scope of oil- and mineral-backed loans from China and commodity traders to developing countries in Africa and Latin America. Experts examined more than $160 billion in loans to identify recommendations for governments considering entering such agreements. There are major implications for countries’ debt loads

and infrastructure.

OUTCOMES

NRGI IMPACT: GUINEA REALIZES MORE REVENUES FROM MINING, PUBLISHES

CONTRACTS

After several years of support from NRGI, governance of Guinea’s mining sector has markedly improved, with increased investment, quadrupled bauxite production and increased tax revenues from the sector. A new, transparent cadastre facilitates the allocation of licenses and government monitoring of license obligations.

DATA

2017 RESOURCE GOVERNANCE INDEX The index measures the quality of resource governance in 81 countries that together produce 82 percent of the world’s oil, 78 percent of its gas and a significant proportion of minerals, including 72 percent of all copper. It is the product of 89 country assessments (eight countries were assessed in two sectors), compiled by 150 researchers, using almost 10,000 supporting documents. STATE-OWNED ENTERPRISES THE NATIONAL OIL COMPANY DATABASE The National Oil Company Database is an online, interactive tool that enables a wide range of users—from government officials and NOC executives to journalists and activists—to better understand the roles played by these companies and hold them accountable to generate returns on public investment.

Publication

NATURAL RESOURCE CHARTER (2ND ED.) The Charter is a set of principles for governments and societies on how to best harness the opportunities created by extractive resources for development. It is not a recipe or blueprint for the policies and institutions countries must build, but instead provides the ingredients successful countries have used.

FROM THE BLOG

“Caremongering” en tiempos de coronavirus: Actos espontáneos de altruismo y la solidaridad virtual

25 March 2020

Caremongering in the Time of Coronavirus: Random Acts of Kindness, and Online Enrichment

19 March 2020

Amidst Market Chaos, Oil Price Plunge a Warning to State-Owned

Companies

17 March 2020

Tips for African Negotiators Doing Deals with China: Rebalancing

Asymmetries

25 February 2020

NRGI Named Among Top Transparency and Governance Think Tanks for Fifth Consecutive Year

30 January 2020

New Countries Report in Latest Natural Resource Revenue Dataset

19 December 2019

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