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Extractive Industries Value Chain : A Comprehensive Integrated Approach to Developing Extractive IndustriesProper stewardship of revenue from the oil, gas, and mining industries has tremendous potential to lift people out of poverty and contribute to sustainable development. These industries create jobs directly and indirectly, transfer technologies and knowledge, and generate significant income. These benefits provide governments with a financial base for infrastructure development and social service delivery. The extractive industries, and the petroleum sector in particular, are known for generating high economic rent the difference between the value and cost of production and the government's share of this rent can be very large in times of high commodity prices, as in the last several years. The Extractive Industries Transparency Initiative (EITI) seeks to help resource-rich countries maximize the development gains from the exploitation of their oil, gas, and mineral resources by encouraging greater EI revenue transparency. Through the verification and full publication of payments made by companies and revenues from oil, gas, and mining received by governments, the EITI helps to safeguard against corruption and provides a powerful illustration of voluntary engagement of governments, industry, civil society and other stakeholders to establish a locally implemented global standard. This paper describes steps to improve EI revenue management, transparency, and accountability at each link of the value chain.
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Innovative Approaches for Multi-Stakeholder Engagement in the Extractive IndustriesExtractive industries (oil, gas, and mining) have the potential to generate significant wealth for developing countries and to serve as important catalysts for growth. They generate large revenues-through royalties, taxation, and exports-and create employment. In some cases, however, resource wealth is associated with political turmoil, deteriorating standards of living, civil conflict, and elite capture. The management's response to the Extractive Industries Review (EIR) and accompanying evaluations signaled a critical turning point in the World Bank Group's (WBG's) engagement in the sector, which had hitherto focused primarily on exploration and development activities, sector policy reform, and commercialization of state-owned enterprises. This publication presents four of the finalist case studies, selected on the basis of project: 1) scalability; 2) replicability; 3) innovation; and 4) level of multi-stakeholder collaboration. In an effort to better document and showcase the variety of ways in which country teams are working with different actors on the often sensitive topic of good governance in the oil, gas, and mining sectors, the World Bank Institute and the World Bank Oil, Gas and Mining Unit (SEGOM) initiated an internal case story competition in 2011.
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Implementando a iniciativa de transparencia das industrias : extractivas aplicando licoes inicialmente aprendidas na pratica Utekelezwaji wa mkakati wa kuongeza uwazi katika tasnia ya uziduaji : matumizi ya mafunzo ya awali kutoka kwenye maeneo ya utendaji Mise en oeuvre de l'initiative pour la transparence dans les industries extractives : application de lecons tirees des premieres experiencesThis report provides information about some of the common issues that have arisen and lessons that have been learned in countries implementing Extractive Industries Transparency Initiative (EITI), and to which the World Bank's EITI team has been exposed through its involvement in supporting EITI implementation. These are "early" or preliminary lessons, because implementation processes are evolving in most countries that have committed to EITI. Some countries have produced EITI reports, but analysis of these reports is still at an early stage. It is hoped that this report will stimulate further discussion on implementation choices that face government policy makers; civil society groups; oil, gas, and mining companies; and donor agencies involved in the initiative.