Parliamentary Briefings

Extractive contracts are principal documents between a government and a company that details the terms and conditions under which a resource is exploited. While many jurisdictions have not traditionally made their oil, gas and mineral contracts available to the public, more recent developments show that contract disclosure is feasible and desirable for a wide range of countries...

The Extractives Industries Transparency Initiative (EITI) seeks to improve transparency and accountability in the oil, gas and mining sectors. In countries participating in EITI, oil, gas and mining companies must publish what they pay to governments, and governments must publish what they receive...

A fiscal regime is the set of instruments (e.g., taxes, royalties, dividends) that determines how the often-vast sums of funds generated by oil, gas and mining projects are shared between the state and investors...

Oil, gas and mineral resources are distinctly different from other sources of government income. Only through good macroeconomic policy and public financial management can a country take full advantage of natural resources...

State participation in oil, gas and mining is often exercised through state-owned enterprises (SOEs), whereby governments take a direct ownership stake in oil, mineral or gas ventures, either as the sole commercial entity or in partnership with private companies...

Members of parliament (MPs) require robust information about oil, gas and mineral revenues in order to effectively monitor government management of these resources in the public interest and to fully understand the origin of the revenues that enter (or in some cases fail to enter) the national budget...

Only eight countries currently have parliamentarians on their EITI multistakeholder groups. This case study presents lessons learned from two of them-Liberia and Yemen-and offers strategies for other countries seeking to involve parliamentarians in similar ways.