oil

oil

 An oil pump along  the coast of Peru outside Lobitos. Photo: Rafael  Storch

Examining the crude details

The petroleum sector offers governments huge potential revenues that could be invested in poverty alleviation and inequality reduction, but those revenues must first be collected. Oxfam proposes recommendations to address these challenges and ensure that governments collect the taxes owed for the exploitation of their finite, nonrenewable petroleum resources.
Africa Center for Energy Policy in Ghana interviews a government official regarding a project financed with oil revenues. Credit: George Osodi/Panos for Oxfam America

Contract Disclosure Survey 2018

In most countries, subsoil oil, gas and mining resources are the property of citizens and are managed on their behalf by governments. Oxfam believes that citizens have a right to know the full terms under which oil, gas and mineral resources are developed and sold, to enable them to assess whether the public benefits claimed are likely to become reality.

 Yanacocha gold mine Mine, Cajamarca, Peru. Photo credit: Chris Hufstader / Oxfam America

The weak link

Extractive industries present potentially large opportunities for developing countries. Oxfam has produced a detailed study of the political economy of decision making, with research conducted in Peru, Ghana, Senegal and Tanzania.

Pages

Subscribe to RSS - oil