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Democracy in Iraq hinges on a comprehensive and transparent approach to the management of its resource wealth, says a group of Iraqi and international stakeholders who met to carve out a strategy for the future of Iraqi oil.
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The people of Iraq endured decades of corrupt and totalitarian rule under Saddam Hussein, who squandered the nation's natural and human resources on unwinnable wars, internal repression, and enriching himself and his cronies. With Saddam gone, Iraqis are now demanding a more just and economically viable future. This report explores ways that Iraqis can avoid many of the problems that can accompany oil wealth - corruption, conflict, and the "resource curse" - by rising above the political rivalries and cronyism that threaten post-Saddam Iraq and embedding measures for accountability into the future Iraqi constitution.
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Tullow Says Profits Have Been Hit by Falling Oil Prices - BBC
Global Oil and Mining Transparency Initiative Arrives at Key Deadline - Publish What You Pay
Many Countries Failing to Implement Oil and Mining Industry Anti-Corruption Initiative - Oxfam International
Uganda: Pressure Mounts on Government Over Oil - The Monitor
West Africa: Ivory Coast "Battles" Ghana Over Oil - The Chronicle
Ugandan Donors Warn of Aid Cuts, Oil "Curse" - Voice of America News
Ghana: Battle Over Supremacy in Jubilee Field - The Chronicle
Energy Security in Europe: Central Questions - The Economist
IMF Urges Azerbaijan Government to Improve Transparency - Reuters UK
Pricey Real Estate Deals in Dubai Raise Questions about Azerbaijan's President - The Washington Post
Strengthening Governing Capacity in Post-Conflict Liberia - Huffington Post
Uganda: Pressure Mounts to Make Public Oil Agreements - Inter Press Service
BPMigas Reshuffle Aimed at Lifting Oil Output, Especially from Cepu Block - Jakarta Globe
Congo-Kinshasa: Europe Urged to Ban "Conflict Minerals" - Inter Press Service
Lugar and Cardin Praise UK Energy Transparency Initiative - Office of Senator Richard Lugar
Contracts Confidential: Ending Secret Deals in the Extractive Industries
Contract transparency is sorely needed to improve the management of natural resource wealth. In a new report from RWI, authors Peter Rosenblum and Susan Maples delve into government and private sector objections to contract disclosure and make conclusions about what information may legitimately and reasonably be kept confidential, and how civil society institutions can better confront the challenge of secret deals.
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Drilling Down
This milestone guide from the Revenue Watch Institute provides step-by-step explanations of each phase of EITI implementation and a comprehensive review of extractive industries accounting for civil society readers.
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