Information Center: Oil

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Mineral Processing and Extractive Metallurgy Review, Vol. 30, Issue 1, pp. 52-100
Gavin Hilson; Roy Maconachie
January 1, 2009

This article critically examines the challenges that come with implementing the Extractive Industries Transparency Initiative (EITI)—a policy mechanism marketed by donors and Western governments as a key to facilitating economic improvement in resource-rich developing countries—in sub-Saharan Africa. The forces behind the EITI contest that impoverished institutions, the embezzlement of petroleum and/or mineral revenues, and a lack of transparency are the chief reasons why resource-rich sub-Saharan Africa is under-performing economically, and that implementation of the EITI, with its foundation of “good governance,” will help address these problems. The position here, however, is that the task is by no means straightforward: that the EITI is not necessarily a blueprint for facilitating good governance in the region's resource-rich countries. It is concluded that the EITI is a policy mechanism that could prove to be effective with significant institutional change in host African countries but, on its own, it is incapable of reducing corruption and mobilizing citizens to hold government officials accountable for hoarding profits from extractive industry operations.

EG Justice
February 14, 2012

EG Justice and other members of the Publish What You Pay coalition have taken out a full page ad in the Wall Street Journal to press oil companies to stop lobbying against transparency. 

The FCPA Blog
April 12, 2011

This article discusses possible reasons why the U.S. has failed to sanction oil rich Equatorial Guinea despite the nation's reported governmental corruption.

Richard Bray, and Steve Lawrence
May 3, 1999

Equatorial Guinea and Namibia are situated on the northern and southern ends of the West African deepwater play fairway. Between them lie the prolific petroleum provinces of offshore Gabon, Cabinda, Congo, and northern Angola.

Ricardo Soares de Oliveira
June 2, 2007

The author attempts to answer the following question: ʺWhy are American, European, and Asian oil companies enthusiastically committing tens of billions of dollars of long-term investment to the Gulf of Guinea's failing states, which are characterized by ruthless elites, recurrent warfare, and some of the world's most detrimental development practices?ʺ In attempting to answer this question, the author analyzes the relationship that world powers have with countries such as Angola, Equatorial Guinea, and Nigera and what such partnerships look like.

Research and Markets
March 1, 2011

“The Future of Equatorial Guinea Oil and Gas Industry to 2020” provides a comprehensive overview of the Equatorial Guinea oil and gas sector, covering the entire value chain of the industry. It analyzes and forecasts each of the oil and gas segments in Equatorial Guinea including upstream sector, pipeline, refinery, LNG and storage sectors. The report also gives detailed analysis of investment opportunities in each sector, highlighting the growth potential and feasibility of projects. It also identifies the key challenges, drivers and restraints in the country’s oil and gas industry and the impact of these metrics on the industry.

Peter Maass
May 8, 2009

Book written by Peter Maass, a New York Times Magazine writer, that details the corrupting influence that oil has on countries, including Equatorial Guinea.

Extractive Industries Transparency Initiative
Peter Eigen
April 29, 2010

Letter regarding the EITI Board's decision not to grant an extension on the EITI Validation deadline for Equatorial Guinea. Equatorial Guinea is therefore no longer considered an EITI implementing country.

Nicolas Donner
October 9, 2009

Analyzes the concept of the ʺoil curseʺ that is rampant in oil-rich African states. Special attention is given to this concept free from bias and other preestablished judgments.

Nicholas Shaxson
December 9, 2007

Critiques the oil infrastructure that has been established by Equatorial Guinea to support its booming oil industry. An analysis is given of the small conclaves that are created by the President in order to protect the United States citizens that work there from the harm and violence that occurs in the country.

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