Monthly Archives: August 2018

Watching Every Last Cent: New Tools for Monitoring Oil and Mineral Revenues

Every year, mining, oil and gas companies pay hundreds of billions of dollars to governments around the world. However, many countries rich in natural resources fail to translate this resource wealth into economic growth. Between 2010 and 2015, we estimated that oil produced in developing countries alone amounted to about $1.55 trillion in government...
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Real Time Cost Monitoring and Audit Under The Production Sharing Agreement (PSA) In Uganda’s Petroleum Sector

A number of fiscal regimes are applied in the Petroleum industry by different countries. It is difficult to evaluate one system over another as countries have specific conditions within them that favor one over another. Uganda as a country employs Production Sharing Agreements. Under these agreements, a company is licensed to undertake all risks involved...
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