Oil & Gas Specifics

full all chapter5 chapter6 chapter7 chapter8 chapter9

chapter4 chapter5 chapter6 chapter7 chapter8 chapter9

Transparency and Accountability

Policy, Legal and Contractual Framework

Sector Organization and Institutions

Fiscal Design and Administration

Revenue Management and Distribution

Sustainable Development

  • There are now more than 21 oil funds in existence, and a growing number of mineral funds are under discussion.

 

  • Past experience with resource funds has underscored the critical importance of oversight and governance features which, ideally, are spelled out in legislation. Independent regular audit is essential.

 

  • Transparency with respect to all aspects of fund operation and performance is generally regarded as indispensible to achieving good governance.
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