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1012. The National Oil Company Database
- Author:
- Natural Resource Governance Institute
- Publication Date:
- 04-2019
- Content Type:
- Special Report
- Institution:
- Natural Resource Governance Institute
- Abstract:
- The National Oil Company Database helps fill a significant gap in knowledge of the global economy. National oil companies (NOCs) produce approximately 55 percent of the world’s oil and gas, pumping out an estimated 85 million barrels of oil equivalent per day. The World Bank has estimated that they control up to 90 percent of global oil and gas reserves, thereby serving as gatekeepers for international oil companies’ access to hydrocarbons. Within their home countries, NOCs influence the degree to which billions of people benefit—or suffer—as a result of their countries’ hydrocarbon wealth. Many of these companies manage multi-billion-dollar portfolios of public assets, execute complex projects across their territories and at sea, employ citizens in the tens or hundreds of thousands, and perform a range of public services from providing energy to building infrastructure.
- Topic:
- Government, Oil, Economy, and Database
- Political Geography:
- Global Focus
1013. Wild Growth: An Assessment of Erdenes Mongol
- Author:
- Andrew Bauer and Dorjdari Namkhaijantsan
- Publication Date:
- 06-2019
- Content Type:
- Special Report
- Institution:
- Natural Resource Governance Institute
- Abstract:
- Erdenes Mongol is Mongolia's most influential state-owned mining enterprise. It was established in 2006 to represent the government of Mongolia's interests in strategic mines, manage mineral licenses and promote the mining sector. In recent years Erdenes Mongol has evolved into a complex conglomerate with interests in many sectors, including unconventional oil and gas, roads, hospitality, power generation, steel, and asset management. The company's expansion represents an implicit government choice to invest in specific sectors rather than others, such as education, healthcare or renewable energy. Erdenes Mongol does not publish financial information on most of its subsidiaries and joint ventures. However, many are unprofitable. Those that are profitable, such as the Tavan Tolgoi coal project, have yet to pay any dividends to the state treasury. The Government of Mongolia may wish to consider several reforms, such as: (1) Enacting a new state-owned enterprise or Erdenes Mongol-specific law; (2) Clarifying the company's financial and governance relationship with subsidiaries; (3) Performing project-by-project market assessments in order to determine which assets to purchase and sell; (4) Developing clear criteria and an open process for appointment and dismissal of board members and managers; and, (5) Requiring greater public disclosures and audits, especially of subsidiaries and joint ventures.
- Topic:
- Natural Resources, Business, Mining, and Trade
- Political Geography:
- Mongolia and Asia
1014. Beyond Revenues: Measuring and Valuing Environmental and Social Impacts in Extractive Sector Governance
- Author:
- Nicola Woodroffe and Tim Grice
- Publication Date:
- 09-2019
- Content Type:
- Special Report
- Institution:
- Natural Resource Governance Institute
- Abstract:
- Oil, gas and mining projects can generate substantial revenues for host countries. At the same time, extractive activities generate a range of other positive and negative economic, environmental, social, political, institutional and cultural impacts. Host countries must weigh the economic benefits of extractive projects against their environmental and social impacts. However, environmental and social impacts are often assessed in separate processes and by separate institutions from those assessing financial revenues and the modeling, measuring and reporting of these impacts is rarely integrated with financial impacts.
- Topic:
- Environment, Oil, Natural Resources, Governance, Gas, and Mining
- Political Geography:
- Global Focus
1015. Assessing Tunisia’s Upstream Petroleum Fiscal Regime
- Author:
- Thomas Lassourd and Carole Nakhle
- Publication Date:
- 09-2019
- Content Type:
- Special Report
- Institution:
- Natural Resource Governance Institute
- Abstract:
- The authors of this paper examine Tunisia’s upstream petroleum fiscal regime, in consideration of the government’s stated policy priority of reversing a decade-long decline in reserves and production. Although the country’s “Jasmine Revolution” led to improved civic rights and the country is a strong regional performer on the Natural Resource Governance Institute’s (NRGI) Resource Governance Index, foreign investment has dropped since 2011, in part because of regulatory ambiguity and political instability. Tunisia’s proven oil and gas reserves are very small, especially by regional standards. With limited geological prospects, the existing context is not conducive to oil and gas investment, especially for exploration. Tunisia offers different contractual arrangements and fiscal regimes: a concession-based system, which often involves joint ventures between the state-owned company, ETAP, and international oil companies and production sharing contracts. This paper analyses the various arrangements and fiscal instruments, focusing primarily on production sharing contracts, which have become the dominant contractual forms for foreign investors and do not require any public (ETAP) capital investment. The government of Tunisia publicly discloses all contracts and concessions.
- Topic:
- Oil, Natural Resources, Gas, and Fiscal Policy
- Political Geography:
- North Africa and Tunisia
1016. Unpacking Decentralization: Improving How States and Regions in Myanmar Issue Artisanal and Small-Scale Mining Permits
- Author:
- Sebastian Sahla and Hosana Chay
- Publication Date:
- 10-2019
- Content Type:
- Special Report
- Institution:
- Natural Resource Governance Institute
- Abstract:
- Recent reforms in Myanmar’s mining sector have given greater powers to states and regions. Following regulatory changes in 2018, the responsibility for issuing permits for artisanal and small-scale mines has shifted from the capital Nay Pyi Taw to state- and region-level boards. Decentralization could be an opportunity to improve governance of Myanmar’s mining sector. Most artisanal and small-scale miners currently operate without permits. By reducing the physical distance that they need to travel to get a permit, decentralization could make it easier to operate legally. Legal title could strengthen livelihoods while helping the government to monitor mining activities. Decentralization in mining is also part of a broader shift to empower subnational stakeholders. It is an important element of Myanmar’s political transition and attempts to end decades of civil conflict. However, there are major challenges around how the government is implementing decentralization. States and regions have new responsibilities but not necessarily the experience and skills to fulfil them effectively. As a result, decentralization could drive mismanagement and corruption, exacerbate environmental and social impacts, and generate conflicts with large-scale mining. The authors of this report find that at present the potential benefits of decentralization could go unrealized.
- Topic:
- Natural Resources, Mining, and Decentralization
- Political Geography:
- Southeast Asia and Myanmar
1017. Indonesia’s Oil and Gas Revenues: Using Payments to Governments Data for Accountability
- Author:
- Alexander Malden and Fikri Zaki Muhammadi
- Publication Date:
- 12-2019
- Content Type:
- Special Report
- Institution:
- Natural Resource Governance Institute
- Abstract:
- Under mandatory disclosure laws in the European Union, Canada and Norway, companies listed or incorporated in these countries must disclose the payments they make to government entities for their extractive activities. Under these laws, seventeen international oil and gas companies have reported over $15 billion in payments to Indonesian government entities since 2014. This report explores some of the ways this timely source of payment data can be used as an accountability tool. Civil society organizations, media outlets, government officials, parties to Indonesia’s Extractive Industries Transparency Initiative (EITI) and oversight actors can use payment data in combination with other data sources to: Verify the size and recipient of oil and gas project signature bonuses Estimate and verify the revenue that local and regional government entities should receive from an oil and gas project that operates in their region Estimate and verify the government’s share of production from a project under the new gross split production-sharing contract (PSC) model
- Topic:
- Government, Oil, Gas, Accountability, and Data
- Political Geography:
- Indonesia and Southeast Asia
1018. Stepping on the Gas: Future-Proofing Estonia’s Energy Market and Security
- Author:
- Andrei V. Belyi
- Publication Date:
- 05-2019
- Content Type:
- Special Report
- Institution:
- International Centre for Defence and Security - ICDS
- Abstract:
- The Baltic region is making a significant progress in developing functioning regional natural gas market, expanding and integrating the related infrastructure, and ensuring the security of supply. However, there are multiple factors—at the national, regional, European and even global levels—that prevent this from becoming an ideal market capable of delivering greater security at a reasonable cost. Liquidity of the market is low due to falling consumption; state aid and state participation in the energy enterprises discourage private investments and distort market conditions, while geopolitical tensions between the West and Russia add further complications. The report considers the trends in the overall natural gas sector—such as greater portion of trade being conducted in gas trading hubs; more reliance on spot pricing rather than long-term contracts; LNG glut in the global markets, introduction of “virtual pipelines” and flexible infrastructure, pressure to reduce CO2 emissions as well as the US entry into the global LNG market as a major player—and analyses their implications to Estonia. It puts forward a number of recommendations on how to create and sustain the conditions necessary for efficient natural gas market in the region as well as for improved energy security of Estonia.
- Topic:
- Security, Energy Policy, European Union, Economy, and Resilience
- Political Geography:
- Russia and United States of America
1019. Estonian-French Defence Cooperation – Where Estonian Pragmatism Meets French Vision
- Author:
- Kalev Stoicescu and Emile LeBrun
- Publication Date:
- 08-2019
- Content Type:
- Special Report
- Institution:
- International Centre for Defence and Security - ICDS
- Abstract:
- ICDS Research Fellow Kalev Stoicescu and Non-Resident Fellow Maxime Lebrun made a thorough analysis of the defence cooperation and partnership between Estonia and France. They concluded that this successful relationship, which evolved in a short time literally starting from mutual neglect, is based both on pragmatism and political vision. It also serves as a very good example of fruitful cooperation between rather different European partners in terms of size, military capabilities, history and culture, geography etc. France contributes to NATO’s enhanced Forward Presence, a vital deterrence measure for the Baltic states and Poland, and Estonia participates actively in French, EU and UN operations in sub-Saharan Africa. In this context, France promotes the European Intervention Initiative (in which Estonia participates) and the concept of European Strategic Autonomy (Estonia, as well as other Allies, are not yet convinced of its aims and utility). The analysis offers a comprehensive overview on the matter for those who are interested in the defence policy of Estonia and France, and the development of the defence dimension of the European Union.
- Topic:
- Defense Policy and International Cooperation
- Political Geography:
- Europe, France, and Estonia
1020. Russians in Europe: Nobody’s Tool – The Examples of Finland, Germany and Estonia
- Author:
- Anna Tiido
- Publication Date:
- 09-2019
- Content Type:
- Special Report
- Institution:
- International Centre for Defence and Security - ICDS
- Abstract:
- This analysis calls for European governments to pay greater attention to the resilience of their societies, starting with the integration of minorities. It is also important to continue work to increase awareness of Russian influence. The paper analyses the issue of Russian speakers in the EU based on the example of Finland, Germany and Estonia. Although the Kremlin’s “Russian World” policy sees all the people connected to Russia as a homogeneous group, the minority groups analysed are quite diverse. The media preferences and habits of Russian-speakers are connected to language, naturally, and these communities are one of the targets of Russia’s actions. At the same time, Russia also targets non-Russian audiences. It promotes propaganda that is tailor-made for specific countries, based on existing conditions. The grievances of Russian-speakers are one such tool, but they constitute one of many available—and not the main one.
- Topic:
- Security, Foreign Policy, International Affairs, Integration, Social Cohesion, and Resilience
- Political Geography:
- Russia, Finland, Germany, and Estonia