2008 Report on Revenue Transparency of Oil and Gas Companies
Oil, gas and minerals, or the extractive industries generate great wealth. Oil export revenues for 2006 alone are estimated to make up approximately 1.8 percent of the World’s Gross Domestic Product (GDP) and more than half of the combined GDP of the 53 lowest income nations.
High revenues from the extractive industries have often fuelled corruption, economic stagnation, inequality and conflict. One step towards reversing this curse lies in the transparent and accountable management of revenues generated from the extractive industries.
See full Report.
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