Malaysia

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.

Summary of the Workshop on Petroleum Revenue Management, World Bank,Washington D.C.

For many oil-producing developing countries and countries in transition, petroleum revenues make up a substantial share of gross domestic product, national and state budgets, and foreign exchange earnings. The potential to do good is tremendous. In Malaysia, for instance, resource revenue management has been associated with progress on the development front.

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 [1], showing that leading oil and gas companies should be doing more to fight corruption and poverty in resource-rich countries, Publish What You Pay [2] calls on companies to publicly disclose how much money they pay to governments for the right to extract.