Indonesia

On November 8 2011, PWYP-Indonesia members PATTIRO and LPAW Blora conducted a training event for local stakeholders in Bllora district, central Java, on oil and gas revenue sharing (DBH=dana bagi hasil) calculations and projections.

Indonesia has fulfilled all requirements to apply for the Extractive Industries Transparency Initiative (EITI), with the recent appointment of three regional secretaries from oil, gas and mining regions.

The initiative is the product of a multi-party international consensus between governments, extractive industries and civil societies to boost cash flow transparency in the extraction industries.

Washington D.C. – It is a sad and perverse paradox of today’s global economy that some of the very wealthiest developing countries are also the very poorest. Countries possessing an abundance of diamonds, gold, oil, gas and exotic minerals can barely feed, clothe, let alone educate, the bulk of their populations which suffer among the highest infant mortality rates and shortest average life span in the world. War and civil strife, not peace, are the norm in many of these resource- rich but troubled areas.

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.

The administration of President Susilo Bambang Yudhoyono is slated to issue its last package of economic policies later this month to help expedite private investment and spur economic growth ahead of next year’s elections.

Part of this large package will aim to improve transparency in the revenues and management of the energy and mining sectors.

Jakarta (ANTARA News) – The Indonesian International Transparency (TII) non-governmental organization (NG) and the Publish What You Pay coalition had urged the government to issue rulings and standards impelling oil and gas companies operating in Indonesia to carry out their business activities transparently.

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Oil is a messy industry, in pretty much every conceivable way. There’s no such thing as clean oil, or an environmentally friendly oil company, but there are degrees of responsibility. Likewise with business ethics. The oil companies have been involved in some very murky business in the past, and some really do have blood on their hands. So, which is the best one to buy your petrol from? Here are the top five oil companies, and a few notes on their record.

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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).