SENIOR INTERNATIONAL OIL COMPANIES CRITICISED OVER LACKING OPENNESS
May 1st, 2008
BY KEITH NUTHALL
TRANSPARENCY International, the business and government openness campaigner, has attacked international oil companies for being secretive about commercial dealings. The body rated 42 leading oil and gas firms operating in 21 countries, finding a "lack of data on oil and gas revenues and how they are managed", fuelling mismanagement and possible graft. There were three tiers in TI's assessment: 'high performers' disclose payments systematically country-by-country and have anti-corruption exceeding regulatory requirements. These included ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.