IWS Documented News INTERNATIONAL

IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Transparency International

Promoting Revenue Transparency: 2011 Report on Oil and Gas Companies

http://www.transparency.org/publications/publications/other/prt_2011

or

http://www.transparency.org/content/download/59374/951162/TI_PRT_2011_report_FINAL_EN.pdf

[full-text, 65 pages]

The Promoting Revenue Transparency: 2011 Report on Oil and Gas Companies, published by Transparency International in partnership with Revenue Watch, rates 44 companies on their levels of transparency. Representing 60 per cent of global oil and gas production, the companies are evaluated in three areas: reporting on anti-corruption programmes, organisational disclosure and country-level disclosure of financial and technical data.

CONTENTS

MAJOR RESULTS 2

EXECUTIVE SUMMARY 4

1. Why transparency in the oil and gas sector matters 5

2. Methodology 6

3. Major findings 7

4. Key policy recommendations 8

RESULTS OF THE ANALYSIS 12

1. General results 12

2. Reporting on anti-corruption programmes (section 1) 14

3. Organisational disclosure (section 2) 22

4. Country-level disclosure (section 3) 30

5. National oil company specific (section 4) 43

6. Cross-section analysis 48

8. 2011 vs. 2008 results 51

CONCLUSION 52

ANNEXES 53

Annex 1 - History of the project 53

Annex 2 – Methodology and questionnaire guide 55

Annex 3 – Building a ‘perfect score company’ 65

Annex 4 – Country-level disclosure on domestic operations 70

Annex 5 - Data tables with sources 73

Annex 6 – Data sharing with companies - an example of a data set 110

Annex 7 – Oil and gas industry background relevant to the PRT report 113

LIST OF TABLES AND DIAGRAMS 118

BIBLIOGRAPHY 119

END NOTES

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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