WGEI Newsletter Issue No. 5 – May 2016

The content of this newsletter

Introduction

  • About this issue

Need to know

  • What does the Paris Agreement mean for the future of Extractive Industries?
  • A new contractual model is used in the Ecuadorian oil & gas industry for the development of crude fields through private investment

Trainings and events

  • Global Accountability Conference on Oil and Gas in Dar-es-Salam
  • The 3rd Annual WGEI meeting to take place in Mombasa, Kenya from 24th to 26th August 2016

Members in Action

  • Top management of the Office of the Auditor General of Uganda visits the Albertine Graben and Karuma Hydro Electric Power Project

 

Introduction

About this issue: 

Welcome to the fifth edition of the WGEI newsletter! In this edition of the newsletter you can read about the link between the Paris climate agreement and the work of SAIs, a new contractual model used in the Ecuadorian oil & gas industry, get highlights from the Global Accountability Conference on Oil and Gas in Dar-es-Salaam as well as read about an EI field trip by top management at SAI Uganda. Have a nice read!

Need to know

What does the Paris Agreement mean for the future of Extractive Industries? (By Marcoen Roelofs & Jeroen Doornbos, Netherlands Court of Audit)

After many years of preparation and two weeks of negotiations, 195 countries plus the European Union adopted the Paris Agreement under the United Framework Convention on Climate Change (12th December 2015). It was largely seen as a success, compared to the modest expectations and the almost complete failure of the preceding climate conference in Copenhagen. At the same time, it is clear (and even mentioned in the text itself) that the sum of all intended measures is far below what’s needed to realise the main aim: keeping climate change well below 2 Degrees Celsius, if possible even below 1.5 degree. Read More…

A new contractual model is used in the Ecuadorian oil & gas industry for the development of crude fields through private investment (By Carla Fiallos, specialist of the Strategic Sector Audit Direction of the Office of the Comptroller General of the State, Ecuador)

With the ongoing oil crisis, the Ecuadorian State has develop new ways to get financing from exploration and exploitation of crude blocks in the Amazon; resulting in a new type of contract which has raised criticism for its legality. However, with the General State Budget depending mainly of that resource, it is important to describe and analyze carefully this new deal; being the role of the Office of the General Comptroller the supervision of the State resources. Read More…

Trainings and events

Global Accountability Conference on Oil and Gas in Dar-es-Salam (By Trygve Christiansen, SAI Norway)

The Global Accountability Conference on Oil and Gas was held in Dar-es Salaam 11-12 April. The conference was arranged by the Wajibu Institute of Public Accountability, which was co-founded by former Tanzania Controller and Auditor General, and former AFROSAI-E Chair, Mr. Ludovick Utouh. Wajibu shall focus on accountability on a number of policy areas, and at the moment oil and gas is the emerging area in Tanzania. Read More…

The 3rd Annual WGEI meeting to take place in Mombasa, Kenya from 24th to 26th August 2016

The WGEI secretariat has the pleasure to inform you that the 3rd annual WGEI meeting is scheduled to take place in Mombasa in Kenya from 24th to 26th August this year. SAI Kenya will host the event and a first preparatory meeting in Nairobi has already been undertaken with the WGEI secretariat. The details of the program has not yet been finalized but the theme that will serve as a red line throughout the event will be linked to The role of Supreme Audit Institutions in ensuring sustainable growth from extractive industries. Apart from introductions and discussions related to this theme there will be sessions aimed at driving forward the development and future activities of WGEI. Invitations with a preliminary agenda will be sent out shortly.

Members in Action

Top management of the Office of the Auditor General of Uganda visits the Albertine Graben and Karuma Hydro Electric Power Project

Recently the Energy Sector team of the OAGU, in collaboration with the INTOSAI Working Group on Audit of Extractive Industries (WGEI), organized a visit to some of the areas of the Albertine Graben Region where Petroleum activities are taking place as well as to the Karuma site, in Northern Uganda, where a major Hydro-electric project is under construction. The objective of this mission was to familiarize top management at the Office of the Auditor General (OAG) with these significant projects in the Extractive Industries (EI) and energy sectors in Uganda. The two project sites represent initiatives that will impact heavily on Uganda for decades to come. The Kingfisher installation in the Albertine Graben petroleum field was visited Monday 11th April while the Karuma hydroelectric project site was visited Tuesday 12th April. Read More…

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