Six months ago, the campaign organisation Global Witness exposed discrepancies in the oil figures for Sudan, raising questions as to whether the revenues were being shared fairly between the North and South of the country.
The revenues are important as they under-pin the 2005 peace agreement, which brought to an end one of Africa’s longest-running and [...]

You would think that as the US government thinks about buying up large numbers of distressed mortgages held by the country’s ailing financial institutions and sticking them in the “Bad Bank”, it would be in need of every dollar it could get.
As one financial analyst said last night, the bad bank might work until American [...]

New data on Iraq oil revenues suggests that country’s government will reap an even larger than expected windfall this year — as much as $70 billion — according to the special U.S. auditor for Iraq.
New figures from Iraq’s government show revenue from exports hit $5.83 billion in December — more than $1 billion over what [...]

An Alberta government report has dismissed the notion that the Canadian state had failed to collect billions of dollars in royalties in previous years.
Former Auditor General Peter Valentine, who authored the report also said the system for collecting economic rent from the oil and gas industry was “generally well-designed, if not always well-executed.”

Venezuela’s Congress has given initial approval to a windfall oil tax that extends President Hugo Chavez’s campaign to increase government revenue from the oil industry.
The tax will tap into private company profits amid record oil prices above $100 per barrel, and will step up his confrontation with the global energy giants, like BP.