Tag Archives: Oil management

Avoiding the Resource Curse

Many resource-rich countries have fallen prey to the natural resource curse [1]. But a handful of developing countries have managed to escape it. This note examines four resource-rich countries and the policies they have followed since the beginning of the 1970s. One, Nigeria, is a well-publicized case of oil wealth impoverishing rather than enriching the … Continue reading

Extractive Industries Transparency Initiative

Founded on the belief that promoting revenue transparency in resource-rich countries is one of the fundamental building blocks for sustainable economic growth and poverty alleviation, the Extractive Industries Transparency Initiative (EITI) [1] was launched in Johannesburg at the World Summit on Sustainable Development in 2002. EITI aims to improve governance in oil, gas, and minerals-rich … Continue reading

Oil Resource Holds Hope for Cambodia’s Future Wealth

The impending development of off shore oil fields discovered in Cambodia’s territorial waters, and continuing onshore exploration, may herald big changes to the country’s economy. A joint ADB and World Bank Oil and Gas Mission visited Cambodia recently. During their visit the World Bank Newsletter had the opportunity to interview Ms Masami Kojima, Lead Energy … Continue reading

Introduction to Oil and Gas

The announcement of Cambodia’s first significant petroleum discovery in January 2005 has put Cambodia on a path to becoming a new oil producer. The world petroleum industry has a long history and oil has not always benefited people in the countries where it is discovered for reasons not always easy to understand. This is the … Continue reading