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Arabica Robusta

Ghana government shown in another violation of Petroleum Revenue Management law - Ghana... - 0 views

ghanaoilwatch.org/...troleum-revenue-management-law

ghana petroleum revenue management oil industry development international extractive transparency curse resource

shared by Arabica Robusta on 31 May 12 - No Cached
  • the statutory body established to provide an independent assessment of how petroleum revenues are managed and used as stipulated by the Petroleum Revenue Management Act, 2011 (Act 815), says the Ministry of Energy has made payments from oil revenues into an account different from the one established by the law.
  • The Ministry, as the PIAC points out is indicating that oil revenues from the Saltpond oilfield in 2011 were paid into the Government Non-Tax Revenue Account. But according to the PIAC, “This account is quite different from the Petroleum Holding Fund into which they were required to make the payments further to the passage of Act 815 in April 2011.”
Arabica Robusta

BIC's new handbook for advocacy on extractive industry revenues | Bank Information Cent... - 0 views

www.bicusa.org/...Article.3836.aspx

bic civil development extractive finance imf industry international movements petroleum social society

shared by Arabica Robusta on 06 Jul 08 - Cached
  • Arabica Robusta on 06 Jul 08
     
    The Handbook is intended as a tool for civil society organizations, journalists and other members of the public interested in learning more about transparency and fiscal management in the natural resource sectors. It distills and builds upon information contained in the IMF's document, with a focus on areas especially pertinent for civil society groups seeking to better understand how extractive industry (EI) sectors are managed. The Handbook aims to help civil society groups hold governments and private companies accountable for the exploitation of natural resources in their country.[2] In producing this Handbook, BIC is not endorsing the extractive industries or asserting that improved transparency, alone, would address the myriad social, environmental and economic impacts associated with natural resource exploitation. Rather, this document aims to provide citizens in resource-rich countries with one more tool to strengthen their efforts to hold industry actors and governments accountable.
Arabica Robusta

allAfrica.com: Ghana: Government Prepares to Battle the 'Oil Curse' (Page 1 of 2) - 0 views

allafrica.com/...200804220669.html

curse development economic ghana industry international petro-capitalism petroleum resource

shared by Arabica Robusta on 28 Apr 08 - Cached
  • Arabica Robusta on 28 Apr 08
     
    "At this point we acknowledge that we lack the know-how to manage this enormous resource but we are blessed with the experience of others," said Francis Ackah, engineering manager of the Ghana National Petroleum Company (GNPC), the agency which oversees the country's petroleum resources.
Arabica Robusta

Kenya, Oil and Populism: Learning from Germany | Global Policy Journal - Practitioner, ... - 0 views

www.globalpolicyjournal.com/...-and-populism-learning-germany

petroleum industry development oil international extractive transparency curse resource kenya

shared by Arabica Robusta on 12 Jun 12 - No Cached
  • Unlikely as it may seem, Africa can learn from Germany: Germany is the best managed economy in Europe. Of course, it does not have natural resources, and so its economic management addresses entirely different issues. However, the political foundations for Germany’s success can be generalized beyond the particularities of economic policies. Germany is today the best-run economy in Europe because it used to be the worst. Three generations ago, Germany collapsed into hyperinflation. From that searing experience Germans too emerged with that inchoate sense of ‘never again’. The German genius was to harness those sentiments into practical measures.
  • The most important and remarkable step taken by Germany was the third. The sentiment of ‘never again’ was turned into a critical mass of ordinary citizens who understood the economic issues underlying hyperinflation sufficiently to support the new rules and institutions. Collectively, these citizens provided the political defences that made the rules and institutions robust to the pressures for dysfunctional policy choices: this has persisted for three generations.
  • Political leaders self-flatteringly see their role as that of taking decisions. In fact, in large part they should leave decisions to their technocrats who are better informed. But only leaders, not their technocrats, can communicate with citizens, presenting a narrative of responsibility towards the next generation in managing good fortune.
Arabica Robusta

Ghana / Oil / Building Capacity to Manage Ghana's Oil - World Bank assists wi... - 0 views

appablog.wordpress.com/...s-and-civil-society-to-benefit

petroleum industry development oil international extractive transparency curse resource ghana

shared by Arabica Robusta on 23 Dec 10 - No Cached
  • The World Bank Board today approved a credit of US$38 million to the Government of Ghana for implementation of an Oil and Gas Capacity Building Project.
  • Ghana and its partners in the Jubilee field have worked hard to bring it into production in barely three years a record time by industry standards but institutional development for sector management by the state and education and skills development face significant challenges.
  • Given the strategic role civil society is expected to play in promoting accountability and community participation, an additional grant of US$2 million is being provided under the Banks Governance Partnership Facility (GPF) to support a wide range of activities to be championed and implemented by civil society and community based organizations.
Arabica Robusta

Can indigenous operators cope after foreigners' exit? - The Nation - 1 views

thenationonlineng.net/...operators-cope-foreigners-exit

industry petroleum development oil international extractive transparency curse resource nigeria

shared by Arabica Robusta on 08 Apr 14 - No Cached
  • Akabogu added: “Local content in the oil industry is supposed to be a long term thing; it is supposed to be implemented in a gradual manner because the enabling environment is not there. The ideal thing would have been to retain the IOCs by addressing the issues that necessitated their divestment.” He said the IOCs were merely shifting their risks to the local operators who would now deal with issues of oil bunkering and theft.
  • To renowned environmental expert and coordinator of Oil Watch International, Mr. Nnimmo Bassey, the development is hardly surprising. According to him, divestment is a business strategy by the IOCs to cut losses and maximize profits. “You will notice that they are divesting mostly from onshore and swamp fields that intersect with communities that they have massively polluted and abused. Their aged facilities in those locations will certainly bring on more resource ownership and social conflicts. So, if local companies are happy to step in and take the flak that means ‘good’ business for the IOCs,” he observed
  • Bassey also said that on the other hand, the IOCs mostly divested to the extent of their equity holdings in such fields and production also activities. “They still own the pipelines and related facilities. What that means is that they are renovating their image, collecting rents from their facilities and generally smiling to the bank while the local companies will eventually take the beating for the pollutions, conflicts and other social disruptions. We see the divestment as a business strategy that benefits the IOCs and leaves the oil field communities and the environment at risk,” he told The Nation.
  • ...4 more annotations...
  • Bassey noted, for instance, that although the PIB is a good first step, the document as packaged, is not as strong as it ought to be. According to him, the PIB does not have stringent pro-people and pro-environment provisions, as the country, despite the PIB, will still be having illegal routine gas flaring. He blamed the delay in passing the bill on what he described as ‘toxic politics’ and pressure from the IOCs who have openly said they would not accept laws that curb their excessive profits as well as wrong perception by some legislators that provision of funds for communities mean more money to the oil-bearing states.
  • Nnimmo argued that although, the PIB makes the offer of money to oil-bearing communities on one hand, it takes it away on the other. “The PIB criminalises communities when it says that if oil facilities are tampered with then the communities, local government areas, and states would pay. Communities are not the policemen of oil facilities. The PIB speaks the old language of subsisting laws that free IOCs of responsibility where facilities are interfered with by third parties. That has made the claim of sabotage the favourite refrain of the oil companies even before incidents are investigated. The PIB fell into the same anti-people trap,” he explained.
  • Bassey insisted that what Nigeria needs to do right now is to “massively increase oil revenues by halting oil theft. We are not talking about poor villagers scooping crude oil in buckets and jerry cans. Those also need to be stopped. We are talking about the industrial-scale oil theft going on in the oil sector. The official figure bandied by the Ministry of Finance as well as the National Assembly is that 400,000 barrels of crude oil are stolen everyday,” he said As for local operators, Bassey and other experts and stakeholders said the ability of local operators to hold their own would depend, to a very large extent, on better collaboration, better host community management, proper valuation and raising smart financing. They also require huge investment in knowledge, research and development (R&D).
  • Mutiu Sunmonu, Managing Director of SPDC, said the divestment of his company’s assets was a deliberate measure to encourage indigenous participation in the upstream oil and gas industry. His words: “We want to create a new set of indigenous players in Nigeria’s oil and gas industry within the next 10 to 20 years from now, while the IOCs concentrate on more difficult issues and also allow us focus on material oil and gas fields.” The divestments are seen by some industry watchers as representing the single largest opportunity for Nigerian operators with the requisite expertise and capital to emerge as major upstream players.
Arabica Robusta

Publish What You Pay - 0 views

www.publishwhatyoupay.org/...index.shtml

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shared by Arabica Robusta on 03 Jul 08 - Cached
  • Arabica Robusta on 03 Jul 08
     
    The Publish What You Pay coalition of over 300 NGOs worldwide calls for the mandatory disclosure of the payments made by oil, gas and mining companies to all governments for the extraction of natural resources. The coalition also calls on resource-rich developing country governments to publish full details on revenues. This is a necessary first step towards a more accountable system for the management of natural resource revenues.
Arabica Robusta

Oil and Turmoil - chad - 0 views

www.policyinnovations.org/...000042

chad curse industry oil resource saleemali violence

shared by Arabica Robusta on 07 May 08 - Cached
  • Arabica Robusta on 07 May 08
     
    Despite oil's tortured history and eventual demise as a fuel, it must not be summarily dismissed as a cause of turmoil in Africa. Rather it should be considered as a resource that needs to be managed with effective development planning.
Arabica Robusta

Publish What You Pay - 0 views

www.publishwhatyoupay.org/english

development eiti industry international petroleum transparency

shared by Arabica Robusta on 03 Jun 08 - Cached
  • Arabica Robusta on 03 Jun 08
     
    The Publish What You Pay campaign aims to help citizens of resource-rich developing countries hold their governments accountable for the management of revenues from the oil, gas and mining industries.
Arabica Robusta

Cable regarding proposed Petroleum Industry Bill; showing extent of Shell interference ... - 0 views

wikileaks.ch/...09ABUJA1907.html

petroleum industry development oil international extractive transparency nigeria curse resource shell us intervention

shared by Arabica Robusta on 12 Dec 10 - No Cached
  • NNPC General Managing Director Dr. Mohammed Barkindo was interested in doing something on climate change in preparation for the climate change summit in Copenhagen December 6-18. Barkindo was spread pretty thin so Shell will ask him how they can help him prepare for the summit.
  • She said it would be helpful if the Embassy would continue to deliver low-level messages of concern. In particular, she thought it would be helpful for the Embassy to call on Speaker of the House Dimeji Bankoke to see where he stood on the bill. Beyond that, she would like to keep the Embassy in reserve and use it as a “silver bullet” if the PIB passes the House. The Ambassador noted that the U.S., U.K., Dutch and Qthe House. The Ambassador noted that the U.S., U.K., Dutch and French Embassies had already made a joint call on NNPC General Managing Director Dr. Mohammed Barkindo.
  • Pickard said Shell had good sources to show that their data had been sent to both China and Russia. She said the GON had forgotten that Shell had seconded people to all the relevant ministries and that Shell consequently had access to everything that was being done in those ministries.
  • ...2 more annotations...
  • Pickard also noted that Shell saw Israeli security experts in Bayelsa, but not in the Delta, and that there had been “a big drop in kidnapping” as a result.
  • In the event that the PIB retains negative terms or violence returns to the Delta, Shell can be expected to hurt the most and cry the loudest.
Arabica Robusta

Ghana to repeat financial mistakes - The Ghanaian Journal - 0 views

www.theghanaianjournal.com/...xfam-worried-by-ghana-oil-laws

petroleum industry development oil international extractive transparency curse resource ghana

shared by Arabica Robusta on 14 Mar 11 - No Cached
  • The new law will require Ghana’s government to publish a breakdown of all the oil-related money it receives and where it goes. It establishes watchdog groups to keep an eye on the oil money.
  • The new law will require Ghana’s government to publish a breakdown of all the oil-related money it receives and where it goes. It establishes watchdog groups to keep an eye on the oil money.
  • The new law will require Ghana’s government to publish a breakdown of all the oil-related money it receives and where it goes. It establishes watchdog groups to keep an eye on the oil money.
  • ...2 more annotations...
  • Ghana could suffer a similar future, Oxfam Policy Manager Ian Gary says, if the country does what its neighbors did and uses oil revenue as collateral for government loans.
  • Ghana could suffer a similar future, Oxfam Policy Manager Ian Gary says, if the country does what its neighbors did and uses oil revenue as collateral for government loans.
Arabica Robusta

Oil theft feeds underground industry | eNCA - 0 views

www.enca.com/...eft-feeds-underground-industry

industry petroleum development oil international extractive transparency curse resource nigeria

shared by Arabica Robusta on 22 Apr 13 - No Cached
  • The illegal refineries are only one part of the illicit industry in Africa's biggest oil producer, and concerns have grown over its alleged international dimension. Authorities, oil firms and industry analysts say the chain of culprits and the stolen crude itself can sometimes reach far beyond Nigerian shores. "I've always said in my speeches that I believe that there are a lot of international syndicates involved," Mutiu Sunmonu, managing director of Shell's Nigerian division SPDC, told reporters recently.
  • Decades of oil pollution have at the same time poisoned creeks in a region where fishing had been a major source of livelihood, often with few repercussions for those at fault. Shell, Nigeria's biggest oil producer, says most spills happen due to sabotage, but activists accuse the company of not doing enough to prevent and clean them.
Arabica Robusta

Attacks on the Press: Oil, Money, and the Press - Committee to Protect Journalists - 0 views

cpj.org/...ss-oil-money-and-the-press.php

petroleum industry development oil international extractive transparency curse resource uganda sudan kenya ethiopia extraactive industries initiative eiti

shared by Arabica Robusta on 21 Apr 13 - No Cached
  • Whether all this oil will benefit the average citizen depends largely on whether extraction deals are handled in an open, transparent manner. A comparison between Brazil and Nigeria is instructive. The South American country provides monthly updates on oil production on a state website. Brazil became the seventh-largest economy in the world with the help of oil output, with 2011 per capita income of $12,594, according to World Bank statistics. In Nigeria, five decades of oil output have been mired in secrecy and conflict. Although the country's oil exports are comparable to those of Brazil, its per capita income is just $1,452.
  • While Uganda's 2005 Access to Information Act theoretically covers documents between the government and private companies, oil contracts typically have special provisions whereby both parties must consent before information is given to a third party, according to Gilbert Sendugwa, coordinator of the Africa Freedom of Information Centre in Uganda. The secrecy clauses prevent even parliament from getting key information, according to Dickens Kamugisha, chief executive of the Africa Institute for Energy Governance, a Kampala-based think tank that advocates for transparent energy policies.
  • Since few Ugandan authorities comply with requests under the access law, few journalists bother to use it. Sendugwa noted that all government ministers are required to report how they implement the information act. "We decided to test the law and sent an information request to parliament in November 2010 asking for the ministers' reports on their implementation of the Access to Information Act," he said. "To this date, none have complied."
  • ...10 more annotations...
  • The anti-corruption research organization Global Witness also analyzed the bills and concluded that all three lack guarantees on contract and financial transparency.
  • Though the act offers broad assurances that oil information is public, a provision allows the ministry to determine whether or not a particular oil contract is published, said Dana Wilkins, a campaigner for Global Witness. No contract had been made public as of late 2012.
  • Officials and oil companies in Uganda try to control the message by providing organized tours of oil drilling facilities. The Ministry of Energy and Mineral Development's 2011 communication strategy paper recommends two media tours of the Albertine Graben oil-drilling area each year. "Sure, it's easy to go to oil areas for oil company-organized events," Ssekika said. "You can talk to district officials, etc. But when you go alone with your own view, that's a different story."
  • "When China National Offshore Oil Corporation [CNOOC] struck a deal with Tullow Oil to develop Uganda's fields, it warned [President Yoweri] Museveni that there wasn't time to wait for parliamentary debates over the issue--pausing now could mean Uganda losing its winning lottery ticket to Kenya," Lay wrote on the African Arguments news website. Tullow's communications manager in Kampala, Cathy Adengo, disputed that depiction. "Tullow did not push the Ugandan authorities into doing anything, considering we had a two-year wait to ratify the deal with CNOOC," Adengo said.
  • The company has faced further lawsuits over pollution in the Delta and alleged ties to the Nigerian military, according to Reuters. "Imagine, it took a court case launched in America before activities of oil companies were discovered," said Omoyele Sowore, publisher of the anti-corruption website Sahara Reporters and a former Niger Delta resident. The legal disputes resulted in an estimated loss of one million barrels of oil a day for the Nigerian government and private companies, according to Nigerian writer Orikinla Osinachi.
  • Oil revenues count for 80 percent of the national budget, yet the government is unable to determine the amount of oil extracted from its territory, according to Alex Awiti, an ecologist at Aga Khan University in Nairobi.
  • Nigeria's situation is not unique. Although Angola is the second-largest oil producer in Africa with an annual GDP of $101 billion and per capita income of nearly $9,000, more than two-thirds of its 8 million people live under the $2-a-day poverty line, according to the World Bank and news reports. These statistics, said Awiti, are rooted in the lack of transparency in Angola's oil production--leading to corruption, millions of dollars being stashed abroad, and revenue sequestered in a secret "parallel budget." In 2012, the International Monetary Fund attributed a $32 billion gap in Angola's state funds from 2007 to 2010 to "quasi-fiscal operations by the state-owned oil company."
  • With oil output still in early stages in East Africa, the region has time to learn from other oil-producing countries. Chad has drilled oil since 2003, with the contracts kept secret. "The fact is Chadians do not know how many barrels are actually produced and where the money goes," said former N'Djaména Hebdo journalist Augustin Zusanne, who now works for the United Nations. Without such information, residents can hardly press for more development. "Even the oil-producing region, Doba, does not benefit from oil revenues. The population of this area lives in poverty," said Eric Topona, a journalist with the state broadcaster. However, things might improve, as Chad is now a candidate for membership in the Extractive Industries Transparency Initiative (EITI), an international forum that seeks openness by ensuring that oil payments are published annually. Government officials, oil companies, and civil society organizations oversee the process.
    • Arabica Robusta
      Arabica Robusta on 21 Apr 13
       
      Does the EITI truly help encourage countries to be transparent?
  • In its 2008 Oil and Gas Policy, Uganda said it would apply for membership in the EITI, but it did not say when and nothing has been implemented, according to news reports. "The way the EITI section is drafted clearly shows a government that is not sincere or ready to implement--it's so vague," Kamugisha of the Africa Institute for Energy Governance said in describing the Ugandan policy. Kenya has made no commitment to join the Initiative. Eddie Rich, deputy head of the EITI secretariat, confirmed that South Sudan and Uganda have made public commitments to implement the initiative and said "international partners are working with those governments to progress toward official applications." None of the African countries working with EITI are disclosing information on compensation to local people affected by oil production, Rich said.
  • But East Africa does not have to look overseas for mentors: Ghana, Liberia, and even the Democratic Republic of Congo publish oil contracts. "It took years, but contracts are now in the public domain," said Ghanaian development economist Charles Abugre, who vigorously campaigned for publication.
Arabica Robusta

Some good background reading while waiting for the Kiobel decision - Pipe(line)Dreams - 0 views

www.pipelinedreams.org/...aiting-for-the-kiobel-decision

petroleum industry development oil international extractive transparency curse resource nigeria kiobel shell corporations corruption exploitation multinational guatemala

shared by Arabica Robusta on 10 Apr 13 - No Cached
  • Amid severe repression, nine members of the movement, including Dr Barinem Kiobel, were arrested, charged with specious crimes, tortured and summarily hanged. Dr Kiobel’s widow Esther and 11 other plaintiffs, all either victims of torture or relatives of victims residing in the US brought a class action suit in the US District Court.
  • In its defence, Shell argued that “the law of nations” does not recognise corporate liability for human rights abuses and that the ATS does not apply extraterritorially. Legal observers expect a decision in the Kiobel case at any time.
  • In justifying its position against the extraterritorial application of US laws, Shell underscored the “adverse consequences to US trade and foreign policy of a liberal expansion of private causes of action against corporations under international law”. It also posited that the costs associated with potential liability “may lead corporations to reduce their operations in the less-developed countries from which these suits tend to arise, to the detriment of citizens of those countries who benefit from foreign investment”.
  • ...4 more annotations...
  • The US is not alone in grappling with the liability of transnational corporations for human rights abuses: in path-breaking litigation, Hudbay Minerals stands accused in Canadian courts of complicity in human rights abuses in Guatemala.
  • Complicating efforts to hold transnational corporations accountable is the fact that companies often construct a series of subsidiary companies that mask their true ownership, make it hard to impost corporate liability. Imposing corporate accountability is further impeded by other factors.
  • Logistically, many countries in the Global South where many transnational corporations operate lack the institutional and judicial capacity to manage complex litigation. Moreover, subsidiary companies often funnel profits to the parent corporations, leaving them with inadequate cash reserves to satisfy legal liabilities. Lastly, as noted above, governments may be reluctant to send a message of corporate accountability because those in power are often the most direct beneficiaries of corporate activity.
  • The corporations that voluntarily adhere to principles of Corporate Social Responsibility are likely not the vociferous opponents of accountability, and are arguably at a competitive disadvantage when others are permitted to violate human rights with impunity. Given corporate complicity in egregious abuses around the world, respect for human rights should not be a function of voluntary compliance but instead a matter of enforceable legal rights. The international community must demand accountability, and reinforce and reaffirm the practices of corporations that do take seriously the impact of their behaviour. The Supreme Court’s decision in the Kiobel case should advance global justice by categorically rejecting impunity for human rights abuses in which transnational corporations are complicit.
Arabica Robusta

Fuelling Poverty: a Film on the (Mis)Management of Nigeria's Oil Wealth | Zainab's Musings - 0 views

zainabusman.wordpress.com/...ement-of-oil-wealth-in-nigeria

industry petroleum development oil international extractive transparency curse resource nigeria

shared by Arabica Robusta on 27 Apr 13 - No Cached
  • It was towards the end of our lunch discussion that the journalist mentioned the documentary “Fuelling Poverty”, credited it to Ishaya Bako and urged me to watch it on Youtube. The filmmaker, true to his African values, was quite bashful as he smiled modestly, lowered his voice and acknowledged he made the film. It all sounded really interesting so I promised to watch the short film afterwards.
  • Ironically, the move by the government to ban the documentary from TV stations in Nigeria, simply fueled people’s interest in it – those who had never heard of it prior to this incident and others, like myself, who only just got round to watching it. Now the film has gone viral! Nigerians are sharing the link to the Youtube video via Blackberry Messenger, Facebook, Twitter and other social media tools. Soon, counterfeit DVD copies will be sold freely at traffic jams in Nigerian cities
Arabica Robusta

Brad Pitt-Produced 'Big Men' Explores Greed in West African Oil Exploration | Movies Ne... - 0 views

www.rollingstone.com/...rican-oil-exploration-20130421

industry petroleum development oil international extractive transparency curse resource nigeria ghana tribeca

shared by Arabica Robusta on 23 Apr 13 - No Cached
  • The film explores the connections between the Ghanaian company who finds the oil field, the small Texas oil company who drills, the Wall Street private equity partners who invest, and the Ghanaian government officials who manage the contracts. The glitch, depending on your seat, comes when Ghanaian leadership changes, the justice department is called in to investigate allegations of corruption on the part of the U.S. firm and credit contracts due to the financial crisis.
  • Boynton also looks at the psychological motivations for the individual players, all striving to be masters of the universe, or in West African parlance, "big men." Rolling Stone spoke with Boynton about her cautious optimism for Ghana, the legacy of Milton Friedman and working with Brad Pitt and Sebastian Junger.
  • The fundamental question in the movie is who gets what out of the deal and so then the question is whom is pitted against whom in the deal. You’ve got private capital – Wall Street – you’ve got the oil company, you’ve got governments and you’ve got the people. And those are the principal entities looking to get a piece of the pie.
  • ...2 more annotations...
  • The movement for transparency is a big help. But that question doesn’t address the question of the division of profit between the country and the company and what is a just and right distribution of profits. To me this isn’t just a movie about Africa, or what is going to happen in Ghana, it is also a movie about how New York and Texas are connected to these places.
  • It is interesting when you think about the movie, when you think about what makes someone big, it’s money and it’s reputation. Both of those things, they get mentioned over and over again. And they are linked but they are not the same thing.
Arabica Robusta

Chevron Accused Of Fueling Communal Crisis In Niger Delta | Scoop News - 0 views

www.scoop.co.nz/...unal-crisis-in-niger-delta.htm

industry petroleum development oil international extractive transparency curse resource nigeria chevron

shared by Arabica Robusta on 01 Jul 12 - No Cached
  • They pointed at the Policy, Government and Public Affairs Department of Chevron as the ''dirty trick'' arm of the oil company in the Gbaramatu ''crisis project'', alleging that a similar scheme by the company had earlier claimed the lives of three community youths.
  • In the mean time, efforts to get Femi Odumabo, an engineer and the oil company's General Manager in-charge of the Policy, Government & Public Affairs Department, did not pay off, as he was said to be attending to some ''urgent matters''.
Arabica Robusta

Idku - a neglected town stands up against environmental degradation | Egyptian Initiati... - 0 views

eipr.org/...1746

petroleum industry development oil international extractive transparency curse resource egypt

shared by Arabica Robusta on 07 Jul 13 - No Cached
  • Talking to Idku locals, their pride in their hometown's past glory is  hard to miss - “Idku used to be Egypt’s food basket”, they tell me. But so is the bitterness over its lost potential; the neglect, violations, and loss of their livelihoods, “Idku is an orphan town no one cares about”.
  • These factors are further confounded by evident climate change impacts: the community’s resilience to the longer and stronger seasonal wave surges is weakened by the uncontrolled raking of Idku’s sand dunes (now almost completely removed) by big-business construction contractors, changing the coastal topography and depriving the area of a natural shoreline barrier.
  • Shifting seasons have aggravated the impacts of already declining fish populations on the vulnerable fishermen, diminishing the catch yield and fish variety. Degraded farmland is suffering from increasing salination, with 95% of the famed guava orchards seriously damaged.
  • ...3 more annotations...
  • Yet Idku remains defiant, even in the face of the Egyptian Liquefied Natural Gas  Project, a massive natural gas liquefaction facility on the nearby beach. The oil operations are run by two joint ventures Rashpetco and Burullus, whose shareholders include the British BG, Malaysian PETRONAS, French Gaz de France,  and the Egyptian state companies EGAS and EGPC .
  • Unfortunately, BP has not given up completely. Instead of recognising that it's not wanted, the company has moved to a new location futher east along the coast. Now the struggle moves to Mtubas  in Kafr elSheikh, the new proposed site for BP’s gas plant.
  • To day, these demands remain unmet. So when British Petroleum eyed Idku for an onshore natural gas processing plant, the community took matters into its own hand: it mobilized to stand up against the proposed project. Roads were blocked, a sit-in occupied the construction site, BP's office was raided and popular assemblies took place in the street. The organised local campaigning and resistance by the Idku community managed to halt BP’s plans.
Arabica Robusta

Extractive Industries Advisory Group, September 11-12, 2007 Meeting Minutes - 0 views

siteresources.worldbank.org/...WBGEISept07.pdf

bank development eir extractive industry international petroleum world

shared by Arabica Robusta on 24 Apr 08 - No Cached
  • Arabica Robusta on 24 Apr 08
     
    "It was noted by an Advisor that work done by ICMM (International Council on Metals and Mining) showed that the resource curse was not inevitable. The ICMM studies showed that some countries did manage to use the development of their mineral endowment as a base for faster growth although experience had been variable. The key difference between countries that had been successful in doing this and those that had been less successful was in the overall policies adopted by governments. The issue was how to ensure that appropriate pro development policies were adopted and implemented effectively and to ensure that the World Bank was engaged where its support was needed."
Arabica Robusta

Ghana: Oil Flows Amid Legal & Transparency Gaps | Ghana Oil - 0 views

ghanaoilonline.org/...s-amid-legal-transparency-gaps

petroleum industry development oil international extractive transparency curse resource ghana

shared by Arabica Robusta on 23 Dec 10 - No Cached
  • Government has been told to quickly address huge gaps in the legal framework needed to make the most of the billions in government revenue Ghana will receive from oil as commercial production of the commodity has already began.
  • there is still no oil revenue management law in place and no independent regulator established for the sector.”
  • Despite overwhelming public support for the provision baring oil-backed loans, Parliament last week voted to remove the bar and allow for oil-backed loans. Following on that, Ghana has signed the STX housing agreement, which many believe uses oil as collateral.
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