This is an index page to various articles and references on this very important subject. See other Timor-specific and generic documents and reports on the Finances part of the OilWeb CD-ROM. Timor-Leste-specific (reverse chronological order, newest first) | Asia-Pacific Publish What You Pay conference, January 2008. | | Timor-Leste EITI Working Group Terms of Reference and Work plan, January 2008. | | Timor-Leste EITI Work Plan, September 2007 | | Sustainable Development or Resource Cursed? An exploration of Timor-Leste's Institutional Choices by Jennifer Drysdale (Thesis for Ph.D. at ANU), July 2007 | | Timor-Leste and the Extractive Industries Transparency Initiative: An Overview from Civil Society by La'o Hamutuk and Luta Hamutuk to the EITI Conference in Oslo, October 2006 | | The Oil Resources of Timor-Leste: Curse or Blessing? by Mats Lundahl and Fredrik Sjoholm, October 2006 | | Timor-Leste Petroleum Fund operations, including quarterly reports, updated regularly | | RDTL National Budget (excerpts) 2006-07, July 2006 | | World Bank and RDTL Government Background Papers for Donors' Conference, April 2006 | | Strengthening Accountability and Transparency in Timor-Leste, report of the "Alkatiri Initiative" review, UNOTIL, January 2006. | | Timor-Leste establishes Petroleum Fund, press release September 2005 | | RDTL Budget Update excerpts, August 2005 | | Operational Management Agreement between the Minister for Planning and Finance and the Banking & Payments Authority on the Petroleum Fund, July 2005. Banking and Payments Authority newsletter on the Petroleum Fund, July 2005 | | Petroleum Fund Act as signed into law, June 2005 | | Submissions to Parliament on the Petroleum Fund Act, June 2005 | | Documents from May 2005 Development Partner's Meeting: | | Petroleum Fund Act as approved by the Council of Ministers (Tetum, Portuguese), 12 April 2005. | | Woodside announces it will join EITI. Also CEO speech on Transparency, April 2005. | | Extractive Industries Transparency Initiative conference, London, 17 March 2005. | | Public consultation about draft Petroleum Fund Act, February 2005, including presentations by government and submissions from La'o Hamutuk and others. | | Extractive Industry Transparency in Timor-Leste: Limitations in Practice, by La'o Hamutuk to World Bank EITI Implementation Meeting, 2 February 2005. PDF | | Public Consultation regarding discussion paper about Timor-Leste Petroleum Fund, October-December 2004, including submissions from La'o Hamutuk and others about transparency, accountability and other issues. | | La'o Hamutuk published an updated "Can Timor-Leste Avoid the Resource Curse?" in our October 2004 Bulletin, with a four-page PDF reprint and an updated PDF slide show. | | Draft legislation and public consultation relating to management and taxation of petroleum in Timor-Leste, August-September 2004, including La'o Hamutuk submission with extensive commentary about transparency. | | 'Resource curse' holds no fears for newest petro-economy by Jose Ramos-Horta in The Australian (Aug. 2004) | | Can Timor Leste Avoid the Resource Curse? by Charles Scheiner, La'o Hamutuk. PowerPoint Tetum PowerPoint. TAG Workshop, Dili, March 2004. | | Statement by Prime Minister Mari Alkatiri at Extractive Industries Transparency Initiative conference, London, June 2003. | | East Timor's Resource Curse? by Lee J.M. Seymour in Far Eastern Economic Review (Nov. 2000) |
The worldwide problem | Oil and Gas and Conflict: Development Challenges and Policy Approaches, Foundation for Environmental Security and Sustainability, for USAID, January 2006 | | Petroleum, Poverty and Security, briefing paper by Keith Myers for Chatham House, June 2005 | | Drilling into Debt, an investigation into the relationship between debt and oil. Also Executive Summary. Oil Change International, June 2005 | | Pumping Poverty: Britain’s Department for International Development and the oil industry, Platform research, March 2005 | | Extra: The Resource Curse, Mother Jones Magazine, January 2005 | | Oil & Development The Global Record by Terry Lynn Karl and Ian Gary (PDF). Petropolitics conference, Washington, January 2004 |
Area studies | Chad’s Oil: Miracle or Mirage? Following the Money in Africa’s Newest Petro-State. Report by Catholic Relief Services and Bank Information Center, February 2005 |
Abstract: The Chad-Cameroon Petroleum Development and Pipeline Project, transporting oil from landlocked southern Chad to the Atlantic coast of Cameroon for export, represents the foremost test case of the extent to which oil revenues can be used to alleviate poverty in a challenging developing country context. The most innovative feature of the project is the establishment of a legal framework that earmarks money for poverty reduction expenditures and creates an oversight committee to ensure the transparent management of the country’s oil wealth. Touting the promise of petrodollars for Chad’s poor over public concerns that new revenues would be lost to corruption and mismanagement, the World Bank provided financing that catalyzed the ExxonMobil-led oil development. Given the dismal track record of oil-producing countries around the world and the high stakes in a country as unstable as Chad, this experiment has come into the international limelight. The fate of the $4-billion plus project is not only of vital importance to the people of Chad, who hope to reap its benefits but risk bearing enormous costs if oil production leads to corruption, conflict and the further concentration of power in the hands of a few. It is also of great interest to other countries facing the challenge of transforming their oil wealth into benefits for their people; to donors attempting to solve the problem of the “resource curse”; and to energy-hungry industrialized countries searching for new and stable sources of oil. Other articles on Chad
| Caspian Oil Windfalls: Who Will Benefit? (PDF)
236-page book, 2003 from Caspian Revenue Watch. Also overview (PDF) Abstract: This overview publication condenses important conclusions and recommendations from the Caspian Revenue Watch report, and reprints the report’s foreword by Joseph E. Stiglitz. The full report, written by Svetlana Tsalik, is a publication of the Central Eurasia Project of the Open Society Institute. It analyzes the systems Azerbaijan and Kazakhstan use to manage their oil wealth. It offers recommendations to the governments of Azerbaijan and Kazakhstan, multinational oil companies, international financial institutions, and foreign governments for promoting accountability, transparency, and public oversight in the management of oil and natural gas revenues. The full report includes 10 case studies on natural resource funds in other countries and presents models of citizen oversight to provide information and comparisons for the establishment of effective programs in these two Caspian Basin countries. | | Bottom of the Barrel: Africa's Oil Boom and the Poor
Report by Catholic Relief Services, 2003. Summary (PDF) Full Report (PDF) Portuguese | | The Riddle of the Sphynx: where has Congo’s oil money gone? Global Witness, December 2005 | | Poverty Reduction in Resource-Rich Developing Countries: What have Multinational Corporations Got to Do with it? By Uwem I. Ite, UK, 2005. About Shell in Nigeria, and the need for government to represent society. | | Transparency Begins at Home: An Assessment of United States Revenue Transparency and Extractive Industries Transparency Initiative Requirements. Oxfam America/Publish What You Pay, June 2006 | | It's a Gas: Funny Business in the Turkmen-Ukraine Gas Trade. Global Witness, April 2006 |
Solutions | The IMF has produced materials on transparency. In 2001 they published a Manual on Fiscal Transparency and a Code of Good Practices on Fiscal Transparency. In May 2007, they published new edition of their Guide on Resource Revenue Transparency. | | Oil Revenue Transparency: A Strategic Component of U.S. Energy Security and Anti-Corruption Policy, Global Witness, March 2007 | | Eye On EITI: Civil Society Perspectives and Recommendations on the Extractive Industries Transparency Initiative, PWYP/RWI, October 2006 | | Legal Remedies for the Resource Curse, Open Society Justice Initiative, (September 2005) | | Beyond the Rhetoric. Measuring Revenue transparency: company performance in the oil and gas industries. Save the Children, 2005 | | Why Transparency is Good Business, speech by Woodside CEO Don Voelte (April 2005) | | NGO Statement to EITI London Conference (March 2005) | | EITI Source book (March 2005) | | São Tomé and Príncipe Enacts Model Oil Revenue Management Law (Jan. 2005) | | Revenue Transparency in Extractive Industries: The role of International Financial Institutions. Bank Information Center, November 2004. | | Publish What You Pay NGO initiative on mandatory reporting of what oil and mining companies pay to governments. |
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